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  Calif. Legislature Strikes Last Minute Budget Deal
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Last EditedRP  Sep 01, 2002 06:36pm
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News DateMonday, September 2, 2002 12:36:10 AM UTC0:0
Descriptionalifornia's state assembly struck a last minute deal on the state's much-delayed $100 billion budget Sunday, breaking a two-month deadlock that had threatened the nation's most populous state with fiscal chaos.

The $99 billion budget deal, which the state Senate approved and sent to Gov. Gray Davis early Sunday, calls for about $9 billion in spending cuts and about $2.4 billion in revenue increases to plug the $23.6 billion budget deficit California faces this fiscal year.
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