California ? Legislative leaders announced Sunday that they had reached a deal on a no-new-taxes state spending plan, bringing the longest budget impasse in modern California history nearly to an end.

Their proposal would increase spending for education and health care, although not enough to avoid cutbacks in services. It would borrow against the state lottery. And it relies heavily on maneuvers that would push the state’s financial problems into the future at a time when economists have little hope that revenue is on the rebound.

The plan would require hundreds of thousands of businesses and individuals to hand over more of their taxes sooner, so the state could use the cash infusion to pay its bills. The payments made now will not be available for next year’s budget.

Votes on the plan are scheduled for today in the Assembly and Senate.

Gov. Arnold Schwarzenegger, who appears to have been left out of the final dealmaking, is not yet on board, and administration officials suggested that he could demand changes. Nevertheless, legislative leaders said they expected the governor to approve the package.

Once the governor signs a budget, the state can resume paying its bills.

The deal came days after Democrats in the Senate abandoned their months-long crusade to close the $15.2 billion budget gap with the help of increased taxes.