The Assembly approved the final bill in the budget package to close a $26 billion gap this afternoon. The plans to take gasoline tax money from local governments and allow oil drilling off the Santa Barbara coast were axed. Deep cuts for education stayed in but will be reimbursed in the future. The final plan reduces the budget by $24 billion. Gov. Schwarzenegger probably will not act on the bills until next week, and it may take weeks before state can stop issuing IOUs.