California Governor & Legislative Leaders Reach Budget Deal

The $122 billion budget includes a $2 billion reserve, $100 million more for child care and preschool programs and probably the most controversial budget item is repealing the rule which limits welfare payments for people who have more children.

The more welfare for additional children, is expected to cost taxpayers an estimated $100 million in the first year and grow from there.

According to Chris Megerian, Los Angeles Times:

With six days left before the deadline, Gov. Jerry Brown and top lawmakers have agreed on a new state budget that would increase funding for child care and repeal a controversial limit on welfare benefits.

The budget would also set aside $400 million for affordable housing, which would only be spent if a separate deal can be reached on streamlining the process for new construction.

We will  have more on the budget as the details become available.