California governor signs $115.4 billion budget

California Governor Jerry Brown signed a $115.4 billion budget package on Wednesday in a compromise with the Democratically controlled legislature that expands some social programs but holds back on funding for others. Brown, a fiscally moderate Democrat, has successfully pushed lawmakers to hold back spending despite improvement in California's financial situation, arguing that state's cyclical economy is subject to dramatic and often unexpected drops. “Yet, the work never ends and in the com