Thursday, June 27, 2013
California Governor Jerry Brown has signed the state’s new budget that takes effect when the new fiscal year starts Monday.
California has its new budget for the fiscal year that starts on Monday.
Governor Jerry Brown signed the $96 billion general fund spending plan Thursday at the State Capitol with Democratic legislative leaders at his side.
Senate President pro Tem Darrell Steinberg said it's a budget that shows "great progress" after years of spending cuts.
"The numbers - the balanced numbers - matter, for they represent fiscal stability. But we also celebrate the fact today that real people, hurt for so long, will get some help," Steinberg said.
The budget includes the governor's sweeping overhaul to the formula that funds California schools. Districts with high numbers of low-income students and English language learners will receive more money than they do now.
The governor did issue about $40 million in line-item vetoes - with the bulk of cuts to special education and preschool programs. That's a small amount compared to last year's vetoes, which totaled nearly $200 million.