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SACRAMENTO, Calif. — The California Legislature approved a state budget Friday after ceding to Gov. Arnold Schwarzenegger’s demands for financial reform and winning his approval for the plan, which will end the state’s three-month stalemate.
The $143 billion budget plan will allow the nation’s most populous state to resume payments to schools, medical clinics, day-care centers and state vendors that haven’t been paid since July 1, the start of the fiscal year. Legislators had to bridge a $15.2 billion budget deficit.
Schwarzenegger, a Republican, said he could sign the package as early as Monday.
