Sound like the budget is basically going to be the same as STiD ($20 million less but saved by shooting in a different location). And they got to be saving some money with the new director too.
This is another indication that politicians in my home state (California) are idiots (as if there was any doubts before). They are driving away an industry that is globally associated with Hollywood/California. No wonder that despite some of highest taxes (income, property, consumption) in the country we still have yearly budget deficits.