State lawmakers have reportedly agreed on a no-new-taxes deal to move past one of the longest budget stalemates in California history.
According to the L.A. Times:
Their proposal would increase spending for education and healthcare, though not enough to avoid cutbacks in services. It would borrow against the state lottery. And it relies heavily on maneuvers that would push the state's financial problems into the future at a time when economists have little hope that revenue is on the rebound.
What makes this a likely deal is that both Republicans and Democrats will get some of what they want.
The San Diego Union-Tribune reports that the latest plan provides about $58.1 billion for schools, about $300 million more than what Gov. Arnold Schwarzenegger proposed in August.
But what's still unclear is if the additional education dollars will be doled out to school districts after both legislative chambers and the governor sign on the dotted line.
Most of the South Bay schools DO start after Labor Day?!