This report summarizes the fiscal effect of the 1989 Budget Act (Chapter 93 - SB 165). In addition, it discusses major spending decisions that were enacted in bills other than the Budget Bill, that were part of an overall state spending plan for 1989-90. The report highlights the funding levels approved for the state's major programs in 1989-90, and compares these funding levels to those authorized in prior years. This report also discusses projected state revenues for 1989-90, including the key assumptions underlying the projections and revisions that have been made to them since the Governor's Budget was introduced in January.