A plan to close California's cavernous $41 billion budget hole was approved early Thursday morning by the California Senate, after one lone holdout switched his vote from "no" to "yes. The budget plan mixes $15 billion in spending cuts with $13 billion in temporary tax hikes and a hefty round of borrowing to close the hole. Sen. Abel Maldonado (R-Santa Maria) made the switch after being promised a series of proposed constitutional amendments, including one that could aid his chances for statewide office.
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