SACRAMENTO, Calif. (AP) — The Latest on California's next state budget (all times local):

12:30 p.m.

Gov. Jerry Brown and Democratic legislative leaders have agreed to boost funding for universities, welfare and services for the homeless.

A budget compromise released Friday also would create an online community college and increase the state's rainy day fund. But it does not include an expansion of health care coverage for people living in the country illegally, which had been a priority for some legislative Democrats.

A legislative committee is scheduled to consider the compromise later Friday. It must pass the full Assembly and Senate by June 15.

Brown in May proposed boosting the California State University and University of California budgets by $92 million each. The compromise would increase CSU's ongoing funding by an additional $105 million above Brown's proposal while boosting UC's by $5 million.

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10 a.m.

Gov. Jerry Brown and legislative leaders say they've reached an agreement on California's next state budget.

Brown announced the deal Friday but released few details. He says the agreement boosts funding for schools and universities, creates an online community college, adds to the rainy day fund, expands subsidized child care and combats homelessness and poverty.

Economists project California has the largest surplus in decades, but Brown and senior lawmakers disagree on its size. Estimates range from $9 billion to $11 billion.

Democratic lawmakers were looking to expand health care coverage for people living in the country illegally and increase welfare grants for families in poverty. It wasn't immediately clear if the budget includes those priorities.

Brown reached the deal with Assembly Speaker Anthony Rendon and Senate President Pro Tem Toni Atkins.