Governor signs $108 billion California budget

By Elliot Spagat
Published June 20, 2014 9:21pm ET
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Governor signs $108 billion California budget
California Gov. Jerry Brown, center, signs the 2014-15 state budget Friday, June 20, 2014, in San Diego. Looking on behind are, from left, state Sen. Ben Hueso, state Assemblymember Nancy Skinner, state Assembly Speaker Toni Atkins, and state Senate Leader Darrell Steinberg. Brown signed California's $108 billion general fund spending plan Friday, which sets aside money in a rainy day fund and pays down state debts thanks to surging tax revenue and the booming stock market. (AP Photo/Gregory Bull) | Gregory Bull

SAN DIEGO (AP) — Gov. Jerry Brown on Friday signed California’s $108 billion budget for the coming fiscal year that pays down debt, builds a rainy day fund and provides additional money for schools and health care.

Brown signed the budget in a crowded, sparsely furnished press room at San Diego City Hall, flanked by lawmakers including Assembly Speaker Toni Atkins, a Democrat from San Diego.

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Budgets and Deficits California Jerry Brown