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OPINION

California lawmakers pass a balanced budget

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NEW YORK (CNNMoney) -- California lawmakers passed a balanced budget Wednesday that relies on spending cuts, fund transfers and one-time revenue boosts, but allows them to keep collecting their paychecks.
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The budget now goes to Governor Jerry Brown, who has said for months that he wanted to present Californians with a gimmick-free budget that would solve the state's $26 billion deficit with a combination of tax extensions and spending cuts.

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