California Fiscal Statistics

StatisNostics/State Financials/California
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20122024
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State Revenue Analysis (California: 2012–2024)

Population: 38,062,780 → 39,029,342 (2.5% change)

Overall Revenue Trends

Total Revenue▲ 140.8%
$214,771,826,000 (2012)→$517,262,683,000 (2024)
Per Capita Revenue▲ 134.9%
$5,643 (2012)→$13,253 (2024)
Fund Balances▼ 100%
$93,672,610,000 (2012)→$0 (2024)
Revenue Volatility! High
Avg. fluctuation: 10.3%

Major Tax Revenue

Property Tax▲ 71.1%
$2,079,878,000 (2012)→$3,558,041,000 (2024)
Sales Tax▲ 70.6%
$31,253,629,000 (2012)→$53,333,417,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Taxes Not Elsewhere Classified▲ 9200.4%
$88,914,000→$8,269,383,000
Other Selective Sales Taxes▲ 4409.0%
$103,080,000→$4,647,873,000
Local Intergovernmental Other▲ 425.4%
$918,144,000→$4,824,168,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 87.6%
$5,498,000→$683,000
Electric Utilities Revenue▼ 85.7%
$1,043,360,000→$149,166,000
Workers Compensation - Interest Earnings▼ 85.3%
$917,432,000→$134,660,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.2%
Estimated: $528,559,458,487
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax25.6%
Federal Intergovernmental Public Welfare15.4%
Total General Sales Taxes14.6%
Federal Intergovernmental Education4.7%
Corporation Net Income Tax3.7%
Hospital Charges3.2%
Other In Trust - Other Contributions2.9%
Unemployment - Contribution2.9%
Motor Fuels Sales Tax2.6%
Higher Education Tuition Charges2.6%
Federal Intergovernmental Highways2.1%
Occupation & Business License Not Elsewhere Classified2.0%
Motor Vehicle License1.6%
Miscellaneous General Revenue Not Elsewhere Classified1.5%
Federal Intergovernmental Other1.4%
Insurance Premium Tax1.1%
Interest Earnings1.1%
Federal Intergovernmental Health & Hospitals1.1%
Property Tax1.0%
Higher Education Auxiliary Charges0.7%
Net Lottery Revenue0.7%
All Other Not Elsewhere Classified Charges0.7%
Fines & Forfeits0.6%
Local Intergovernmental Public Welfare0.6%
Natural Resources Not Elsewhere Classified Charges0.5%
Electric Utilities Revenue0.5%
Workers Compensation - Other Contributions0.5%
Local Intergovernmental Other0.4%
Workers Compensation - Interest Earnings0.4%
Tobacco Sales Tax0.4%
Donations From Private Sources0.4%
Local Intergovernmental Highways0.4%
Public Utilities Tax0.4%
Royalties0.3%
Federal Intergovernmental Employment Security Administration0.2%
Alcoholic Beverage Sales Tax0.2%
Motor Vehicle Operators License0.1%
Public Utility License Tax0.1%
Federal Intergovernmental Other Natural Resources0.1%
Local Intergovernmental Education0.1%
Federal Intergovernmental Sewerage0.1%
Federal Intergovernmental Housing & Community Development0.1%
Parks & Recreation Charges0.0%
Other Selective Sales Taxes0.0%
Hunting & Fishing License0.0%
Taxes Not Elsewhere Classified0.0%
Rents0.0%
Alcoholic Beverage License Tax0.0%
Corporation License Tax0.0%
Sale of Property0.0%
Severance Tax0.0%
Regular Highway Charges0.0%
Federal Intergovernmental Water Utilities0.0%
Other License Tax0.0%
Amusement License Tax0.0%
Parimutuels Tax0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Local Intergovernmental Health & Hospitals0.0%
Parking Facilities Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Federal Intergovernmental Air Transportation0.0%
Housing & Community Development Charges0.0%

2024 Revenue Breakdown

Individual Income Tax23.8%
Federal Intergovernmental Public Welfare20.2%
Total General Sales Taxes10.3%
Corporation Net Income Tax8.0%
Hospital Charges4.3%
Unemployment-Federal Advances3.7%
Federal Intergovernmental Education2.4%
Other In Trust - Other Contributions2.2%
Interest Earnings2.1%
Higher Education Tuition Charges2.0%
Miscellaneous General Revenue Not Elsewhere Classified1.9%
Motor Fuels Sales Tax1.8%
Federal Intergovernmental Highways1.7%
Motor Vehicle License1.6%
Taxes Not Elsewhere Classified1.6%
Unemployment - Contribution1.5%
Occupation & Business License Not Elsewhere Classified1.0%
Local Intergovernmental Other0.9%
Other Selective Sales Taxes0.9%
Donations From Private Sources0.9%
Insurance Premium Tax0.8%
Federal Intergovernmental Other0.7%
Property Tax0.7%
All Other Not Elsewhere Classified Charges0.7%
Net Lottery Revenue0.6%
Higher Education Auxiliary Charges0.5%
Federal Intergovernmental Health & Hospitals0.5%
Natural Resources Not Elsewhere Classified Charges0.4%
Fines & Forfeits0.3%
Tobacco Sales Tax0.3%
Workers Compensation - Other Contributions0.2%
Public Utilities Tax0.2%
Federal Intergovernmental Sewerage0.2%
Local Intergovernmental Highways0.2%
Public Utility License Tax0.1%
Federal Intergovernmental Other Natural Resources0.1%
Federal Intergovernmental Housing & Community Development0.1%
Local Intergovernmental Public Welfare0.1%
Local Intergovernmental Education0.1%
Alcoholic Beverage Sales Tax0.1%
Motor Vehicle Operators License0.1%
Parks & Recreation Charges0.0%
Federal Intergovernmental Employment Security Administration0.0%
Electric Utilities Revenue0.0%
Workers Compensation - Interest Earnings0.0%
Severance Tax0.0%
Hunting & Fishing License0.0%
Royalties0.0%
Rents0.0%
Corporation License Tax0.0%
Alcoholic Beverage License Tax0.0%
Regular Highway Charges0.0%
Amusement License Tax0.0%
Parking Facilities Charges0.0%
Sale of Property0.0%
Other License Tax0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Local Intergovernmental Health & Hospitals0.0%
Housing & Community Development Charges0.0%
Death & Gift Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%

Key Insights

  1. 1Total revenue increased by 140.8% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Population changed by 2.5%, while per-capita revenue changed by 134.9%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (California: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 298%
$72,330,638,000→$288,128,082,000
Per Capita Spending▲ 288%
$1,900→$7,382

Population Trends

Population Change▲ 2.5%
38,062,780 (2012)→39,029,342 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 94%
$1,488,359,000 (2012)→$2,893,551,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 41%
$4,091,167,000 (2012)→$5,776,046,000 (2024)
Sewerage Operations▲ 263%
$183,224,000 (2012)→$665,152,000 (2024)

Administrative Expenses

Financial Administration▲ 143%
$3,203,230,000 (2012)→$7,790,920,000 (2024)
General Expenses▼ 16%
$3,771,016,000 (2012)→$3,157,566,000 (2024)

California Key Insights

  1. 1Per capita expenditures grew by 288%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Sewerage was the fastest growing major expense category at 263% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 35%
$121,445,563,000 (2012)→$163,730,277,000 (2024)
Industrial Revenue Debt▼ 100%
$32,083,054,000 (2012)→$0 (2024)
Per Capita Debt▲ 31%
$3,191 (2012)→$4,195 (2024)

Population Trends

Population Change▲ 2.5%
38,062,780 (2012)→39,029,342 (2024)

Debt Management

Most Recent Year (2024)

Issued:$18,015,629,000
Retired:$14,050,771,000
Net Change:+$3,964,858,000

Debt Retirement Trend

$10,845,135,000 → $14,050,771,000▲ 30%

Key Insights

  1. 1New debt issuance significantly increased the per-resident debt burden (up 31%).