Details of a tentative budget deal reached Friday by California lawmakers are still emerging. The plan to close the 19.1-billion dollar gap involves 7.5-billion dollars in spending cuts, as well as delaying by 2-years a corporate tax break which was scheduled to take effect in January. To erase the remaining gap without raising taxes, lawmakers are hoping several things turn out as they predict. Legislators are counting on the economy to continue to improve, as well as increased funding from the federal government. The state also hopes to raise 1.2-billion dollars by selling 11-public properties, and then leasing them back. The budget deal could be voted on by Thursday, which would be 99-days over the constitutional deadline.
