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LEGISLATURE APPROVES BUDGET- 06-16-14 9:00 SG

THE CALIFORNIA LEGISLATURE HAS APPROVED A GENERAL FUND BUDGET.    THE 108-BILLION-DOLLAR SPENDING PLAN WAS PASSED YESTERDAY BY A 55-TO-24 VOTE BEFORE THE MIDNIGHT DEADLINE.    THE BUDGET WILL AIM TO PAY DOWN DEBT WHILE DISTRIBUTING SURPLUS TO PROGRAMS FOR LOWER-INCOME CALIFORNIANS.    THE FISCAL YEAR BEGINS JULY 1ST.

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