California Fiscal Statistics

StatisNostics/State Financials/California
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20122023
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State Revenue Analysis (California: 2012–2023)

Population: 38,062,780 → 39,237,836 (3.1% change)

Overall Revenue Trends

Total Revenue▲ 101.9%
$214,771,826,000 (2012)→$433,679,543,000 (2023)
Per Capita Revenue▲ 95.9%
$5,643 (2012)→$11,053 (2023)
Fund Balances▼ 100%
$93,672,610,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 9.6%

Major Tax Revenue

Property Tax▲ 63.5%
$2,079,878,000 (2012)→$3,400,425,000 (2023)
Sales Tax▲ 71.4%
$31,253,629,000 (2012)→$53,565,932,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Other Selective Sales Taxes▲ 6243.0%
$103,080,000→$6,538,331,000
Taxes Not Elsewhere Classified▲ 2232.7%
$88,914,000→$2,074,055,000
Donations From Private Sources▲ 353.8%
$885,195,000→$4,017,253,000

Declining/Slowest Growing Sources

Electric Utilities Revenue▼ 87.6%
$1,043,360,000→$129,898,000
Education Other State Charges Not Elsewhere Classified▼ 86.8%
$5,498,000→$727,000
Workers Compensation - Interest Earnings▼ 86.6%
$917,432,000→$123,264,000

Revenue Forecast

Projected Revenue (Next Year)▲ 1.5%
Estimated: $440,310,069,317
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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare23.7%
Individual Income Tax22.2%
Total General Sales Taxes12.4%
Corporation Net Income Tax6.9%
Hospital Charges4.4%
Federal Intergovernmental Education3.5%
Federal Intergovernmental Other2.8%
Higher Education Tuition Charges2.4%
Other In Trust - Other Contributions2.1%
Motor Fuels Sales Tax2.0%
Motor Vehicle License1.9%
Other Selective Sales Taxes1.5%
Interest Earnings1.4%
Miscellaneous General Revenue Not Elsewhere Classified1.4%
Unemployment - Contribution1.4%
Donations From Private Sources0.9%
Occupation & Business License Not Elsewhere Classified0.9%
Insurance Premium Tax0.9%
All Other Not Elsewhere Classified Charges0.8%
Local Intergovernmental Other0.8%
Property Tax0.8%
Net Lottery Revenue0.8%
Higher Education Auxiliary Charges0.6%
Federal Intergovernmental Health & Hospitals0.5%
Taxes Not Elsewhere Classified0.5%
Natural Resources Not Elsewhere Classified Charges0.4%
Tobacco Sales Tax0.4%
Workers Compensation - Other Contributions0.3%
Fines & Forfeits0.2%
Public Utilities Tax0.2%
Public Utility License Tax0.1%
Local Intergovernmental Education0.1%
Federal Intergovernmental Housing & Community Development0.1%
Alcoholic Beverage Sales Tax0.1%
Federal Intergovernmental Other Natural Resources0.1%
Local Intergovernmental Highways0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Public Welfare0.1%
Royalties0.0%
Federal Intergovernmental Employment Security Administration0.0%
Severance Tax0.0%
Federal Intergovernmental Sewerage0.0%
Electric Utilities Revenue0.0%
Parks & Recreation Charges0.0%
Hunting & Fishing License0.0%
Workers Compensation - Interest Earnings0.0%
Rents0.0%
Corporation License Tax0.0%
Alcoholic Beverage License Tax0.0%
Regular Highway Charges0.0%
Sale of Property0.0%
Parking Facilities Charges0.0%
Amusement License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Other License Tax0.0%
Housing & Community Development Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Total revenue increased by 101.9% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Population changed by 3.1%, while per-capita revenue changed by 95.9%.
  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 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 281%
$72,330,638,000→$275,504,073,000
Per Capita Spending▲ 269%
$1,900→$7,021

Population Trends

Population Change▲ 3.1%
38,062,780 (2012)→39,237,836 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 37%
$1,488,359,000 (2012)→$2,036,330,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 52%
$4,091,167,000 (2012)→$6,234,270,000 (2023)
Sewerage Operations▲ 226%
$183,224,000 (2012)→$596,720,000 (2023)

Administrative Expenses

Financial Administration▲ 128%
$3,203,230,000 (2012)→$7,313,685,000 (2023)
General Expenses▲ 39%
$3,771,016,000 (2012)→$5,239,983,000 (2023)

California Key Insights

  1. 1Per capita expenditures grew by 269%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Sewerage was the fastest growing major expense category at 226% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 32%
$121,445,563,000 (2012)→$159,765,419,000 (2023)
Industrial Revenue Debt▼ 100%
$32,083,054,000 (2012)→$0 (2023)
Per Capita Debt▲ 28%
$3,191 (2012)→$4,072 (2023)

Population Trends

Population Change▲ 3.1%
38,062,780 (2012)→39,237,836 (2023)

Debt Management

Most Recent Year (2023)

Issued:$17,023,191,000
Retired:$15,115,799,000
Net Change:+$1,907,392,000

Debt Retirement Trend

$10,845,135,000 → $15,115,799,000▲ 39%

Key Insights

  1. 1New debt issuance significantly increased the per-resident debt burden (up 28%).