The Governor and four legislative leaders have reached agreement on how to make up California's $26 billion shortfall. The deal calls for $15 billion in cuts, taking almost $4 billion from local governments and speeding up tax collections. Now legislators of both parties have to decide whether to support or oppose it. Democrats have the majority in both houses, but not enough to provide the necessary two-thirds for passage, so Republican votes will be required.
The 'Big Five' Make a Deal: A Painful Budget in Sacramento
Bonnie Lowenthal - State Assemblywoman (D-Long Beach), Chuck DeVore - Candidate for Republican nomnation for US Senate, Zev Yaroslavsky - veteran politician - @ZevYaroslavsky, Dan Walters - Sacramento Bee - @WaltersBee