Two other points.
Pay attention to the other parts of the proposal which includes the bond measure. These are designed to meet the expected demands of Wall Street before the bonds can be sold at a resonable rate.
Watch for spending limits based on economic strenght, increased taxes/fees and budget reductions including strong decreases in the proposed/forecast annual budget increases.
If the bond measure fails next March look for modifications of Prop 13 and Prop 98 (and it's omnipotent stepdaughter Prop 49)
No one is interested in gutting 13 for the benefit of the illegals. Even talking about it will cause voter backlash. If that is the proposed alternative to a defeated bond issue, then Arnold & Co. will have to retreat.
The previous governor demonstrated his mendacity by ignoring the will of the voters. The sooner that Mr. S comes to the conclusion that upholding the will of the voters is the surest way to their hearts the sooner he will guarantee his reelection. Some of us might even vote for the guy if he does that. So far, he appears to be doing the right things. Now he just has to make that giant leap: it doesn't matter what I think, it's what the voters passed.
After that epiphany, he will find the golden path to Nirvana.