Details of agreement to close California deficit

It includes about $15 billion in cuts, as well as borrowing from local governments and some gimmicks to generate revenue in the 2009-10 fiscal year that started July 1.

— $6 billion from K-12 schools and community colleges over a two-year span.
— Nearly $3 billion from the University of California and California State University systems.
— $1.3 billion from Medi-Cal, the state's health care program for the poor. Also includes a proposal to bill the federal government for more money.

— Cuts $226 million from the state's in-home supportive services program for the frail and disabled. Details of agreement to close California deficit San Jose Mercury News

San Francisco Chronicle
Deal reached to close Calif's $26B budget deficit The Associated Press

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