California lawmakers passed the state’s main budget bill Sunday, less than six hours before the constitutional deadline.
The vote comes after Gov. Jerry Brown and legislative leaders last week reached a compromise on a $156.4 billion budget package for the fiscal year beginning July 1. The spending plan includes more money for Medi-Cal and welfare-to-work and an expansion of child care and preschool programs for poor children. It also begins to pay down an estimated shortfall of more than $74 billion in the teachers’ pension fund, puts about $1.6 billion into a special rainy day fund and holds about $460 million more in reserve. Read more here.