Governor Schwarzenegger signed a $105 billion budget plan Saturday that raises no new taxes while protecting core services.
The budget came after a difficult 26 day stand-off with the Legislature´s Democratic majority.
Although balanced, the plan includes more than $7 billion in loans and one-time savings. Critics say the budget does not do enough to fix the state´s spending imbalance.
Schwarzenegger contends it is a good first step.