Most of budget passed

The Assembly signed off on just about everything this afternoon, but it did reject a proposal to take about $1 billion in transportation funding from local governments. Also turned down was allowing oil drilling off the California coast. The loss of $1.1 billion from the package eliminates the $900 million reserve fund Schwarzenegger had tried to get in (and will necessitate more cuts down the road). The Senate had approved the budget plan earlier this morning. (AP)