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Budget On Its Way To Governor Schwarzenegger Following Assembly Approval

Sacramento, CA — The California State Assembly has joined the state Senate in approving a long-awaited budget, sending the package to Governor Schwarzenegger after an epic battle that involved several all-night sessions and political concessions.

The budget flew through the Assembly less than an hour after it won approval by a single vote in the Senate after late-night horse trading to win over the needed vote from moderate Republican Abel Maldonado.

The budget included a combination of spending cuts, tax increases and borrowing, intended to close a projected $42 billion budget deficit and to stop a fast-arriving fiscal disaster for the state.

Written by bill.johnson@mlode