The Assembly’s Democratic majority Tuesday announced its plan for the state’s fiscal 2011 budget — and it includes $8.7 billion in bond borrowing to get through the year.

The plan, announced by Assembly Speaker John Perez, is a response to Republican Gov. Arnold Schwarzenegger’s budget proposal earlier this month, which called for eliminating the state’s welfare program and child-care subsidies for low-income workers, among many unpopular cuts, to close a budget gap of $17.9 billion, including a $7.7 billion deficit carried over from the current fiscal year.

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