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State Senate Approves Cuts

The California Senate has approved a package of bills aimed at saving the state about $4.6 billion over the next two years. The package includes a plan to borrow the money needed to make the stateĀ“s pension obligations due this year and next.

On nearly unanimous votes, the Senate moved six bills to the state Assembly in hopes of getting the legislation to Governor Davis before a Monday deadline. If completed on schedule before the weekend, the Legislature´s efforts this spring will have cut the $35 billion budget shortfall almost in half.