California governor signs $139 billion budget

California Gov. Jerry Brown has signed a $139 billion budget he says fulfills his promise to resolve the fiscal crisis he inherited eight years ago and "prepares us for the future."
    
He signed his 16th and final spending plan Wednesday alongside legislative leaders in Los Angeles. Brown leaves office early next year after a record four terms, first serving in the 1970s and 1980s and again since 2011.
    
The budget uses a massive surplus to tackle the state’s housing crisis, increase social services for people in need and sock away billions for a future economic downturn.
    
It boosts the state’s savings to $16 billion, increases monthly welfare grants and creates more slots for subsidized child care. It also boosts funding for higher education to stave off tuition increases at California State University and the University of California.
    
Brown did not have any line-item vetoes.