Today lawmakers announced that a deal had been reached to close California's 26 billion dollar deficit. We are anxiously awaiting the details as voting is scheduled to begin tonight. The final details of the budget will be released in the next couple of days. News reports of the deal show the largest cuts to higher education, prisons, and Medi-Cal. Primary grades will also face large cuts however federal stimulus money will help make up the difference. The cuts will be painful but necessary. The state,like our own households, can't spend beyond their means forever.
We will provide more analysis as the details of the budget are released.