Workers' Comp is paid by employers, not the state. This doesn't cost the state of California a penny, except in its direct role as an employer. Workers' Comp premiums paid by employers to insurance companies have skyrocketed as a result of this bill, but it has no effect on California's state budget.
I know what you are saying... but the bill does not increase the premiums enough to cover the benefit increases... and the bill allows the funds to call on STATE funds for the shortfall!