I thank our legislative leaders for their partnership in taking this major step to address the shortfall with a balanced approach that meets the needs of Californians and maintains a strong fiscal foundation for the state's future,
The proposal includes $3.6 billion in cuts, $5.2 billion in delays and deferrals, $3.4 billion in costs shifted from the general fund to state funds, and $5.2 billion in revenue and borrowing.
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