Gov. Arnold Schwarzenegger and legislative leaders reached an agreement Tuesday on a state budget that adds money for schools and road projects without resorting to the deficit spending that has plagued California in recent years.
"Together we have reached the best budget agreement California has seen in years, proving again that when we are a unified team we are unstoppable," Schwarzenegger said in a news release. "This budget does not raise taxes or increase borrowing. It provides $3 billion more for our schools, provides $1.3 billion more for crucial transportation projects and invests in both public health and safety. This is a budget to put us on the path toward rebuilding California. Now, we must work together to reform and repair our broken budget process and break the cycle of budget deficits so that nothing will stand in the way of creating more prosperity and opportunity in California than ever before."
