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What's in California's new $262 billion operating budget?

Gov. Newsom will likely sign the budget into law before the state's fiscal year begins on Thursday.
Credit: AP
FILE - In this May 26, 2020, file photo, members of the state Assembly meet to discuss the state budget at the Capitol in Sacramento, Calif. California is expected to have a one-time $26 billion windfall in its next budget year, according to the state's nonpartisan legislative analyst, who said Wednesday, Nov. 18, 2020, that the economic consequences of the coronavirus pandemic have not been as severe as anticipated. (AP Photo/Rich Pedroncelli, Pool, File)

CALIFORNIA, USA — California lawmakers have approved a $262.6 billion operating budget.

The budget represents an agreement between Gov. Gavin Newsom and the state's top two legislative leaders. Newsom will likely sign the budget into law before the state's fiscal year begins on Thursday.

While the budget lawmakers approved covers much of state government, some details remain unfinished. That includes decisions on how to spend money on wildfires and the drought. 

The budget includes rebates for most taxpayers and money for businesses impacted by the pandemic. It also pledges to pay for free breakfast and lunch for all public school students.

For the full AP story, click HERE.

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