California Fiscal Statistics

StatisNostics/State Financials/California
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20122021
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State Revenue Analysis (California: 2012–2021)

Population: 38,062,780 → 39,512,223 (3.8% change)

Overall Revenue Trends

Total Revenue▲ 98.7%
$214,771,826,000 (2012)→$426,787,232,000 (2021)
Per Capita Revenue▲ 91.4%
$5,643 (2012)→$10,801 (2021)
Fund Balances▲ 47%
$93,672,610,000 (2012)→$137,686,827,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 9.0%

Major Tax Revenue

Property Tax▲ 51.5%
$2,079,878,000 (2012)→$3,151,488,000 (2021)
Sales Tax▲ 34.3%
$31,253,629,000 (2012)→$41,973,959,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Other Selective Sales Taxes▲ 5127.4%
$103,080,000→$5,388,443,000
Federal Intergovernmental Housing & Community Development▲ 873.3%
$137,211,000→$1,335,434,000
Housing & Community Development Charges▲ 436.6%
$434,000→$2,329,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 92.8%
$5,498,000→$396,000
Workers Compensation - Interest Earnings▼ 86.6%
$917,432,000→$122,675,000
Royalties▼ 82.9%
$588,896,000→$100,974,000

Revenue Forecast

Projected Revenue (Next Year)▲ 12%
Estimated: $477,862,063,823
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Individual Income Tax34.3%
Federal Intergovernmental Public Welfare20.3%
Total General Sales Taxes9.8%
Corporation Net Income Tax6.1%
Hospital Charges3.7%
Federal Intergovernmental Education3.5%
Higher Education Tuition Charges2.2%
Other In Trust - Other Contributions2.1%
Motor Fuels Sales Tax1.8%
Unemployment - Contribution1.3%
Other Selective Sales Taxes1.3%
Motor Vehicle License1.2%
Federal Intergovernmental Highways1.2%
Occupation & Business License Not Elsewhere Classified1.1%
Miscellaneous General Revenue Not Elsewhere Classified1.1%
Federal Intergovernmental Other0.9%
All Other Not Elsewhere Classified Charges0.9%
Donations From Private Sources0.8%
Property Tax0.7%
Insurance Premium Tax0.7%
Net Lottery Revenue0.7%
Interest Earnings0.6%
Tobacco Sales Tax0.5%
Federal Intergovernmental Health & Hospitals0.4%
Federal Intergovernmental Housing & Community Development0.3%
Natural Resources Not Elsewhere Classified Charges0.3%
Fines & Forfeits0.3%
Local Intergovernmental Other0.3%
Workers Compensation - Other Contributions0.2%
Local Intergovernmental Public Welfare0.2%
Higher Education Auxiliary Charges0.2%
Public Utilities Tax0.2%
Public Utility License Tax0.1%
Alcoholic Beverage Sales Tax0.1%
Local Intergovernmental Education0.1%
Motor Vehicle Operators License0.1%
Electric Utilities Revenue0.1%
Local Intergovernmental Highways0.1%
Federal Intergovernmental Other Natural Resources0.1%
Federal Intergovernmental Employment Security Administration0.1%
Parks & Recreation Charges0.0%
Federal Intergovernmental Sewerage0.0%
Severance Tax0.0%
Workers Compensation - Interest Earnings0.0%
Hunting & Fishing License0.0%
Royalties0.0%
Alcoholic Beverage License Tax0.0%
Corporation License Tax0.0%
Rents0.0%
Sale of Property0.0%
Regular Highway Charges0.0%
Federal Intergovernmental Water Utilities0.0%
Amusement License Tax0.0%
Parimutuels Tax0.0%
Parking Facilities Charges0.0%
Local Intergovernmental Health & Hospitals0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Other License Tax0.0%
Housing & Community Development Charges0.0%
Federal Intergovernmental Air Transportation0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Total revenue increased by 98.7% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 3.8%, while per-capita revenue changed by 91.4%.
  3. 3The state's fund balances increased by 47%, suggesting improved fiscal health.
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State Expense Analysis (California: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 45%
$72,330,638,000→$104,804,986,000
Per Capita Spending▲ 40%
$1,900→$2,652

Population Trends

Population Change▲ 3.8%
38,062,780 (2012)→39,512,223 (2021)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 45%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 36%
$0 (2012)→$0 (2021)
Sewerage Operations▲ 183%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▼ 15%
$0 (2012)→$0 (2021)
General Expenses▼ 72%
$0 (2012)→$0 (2021)

California Key Insights

  1. 1Sewerage was the fastest growing major expense category at 183% increase
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▼ 4%
$121,445,563,000 (2012)→$116,574,116,000 (2021)
Industrial Revenue Debt▼ 14%
$32,083,054,000 (2012)→$27,739,627,000 (2021)
Per Capita Debt▼ 8%
$3,191 (2012)→$2,950 (2021)

Population Trends

Population Change▲ 3.8%
38,062,780 (2012)→39,512,223 (2021)

Debt Management

Most Recent Year (2021)

Issued:$7,680,635,000
Retired:$4,302,688,000
Net Change:+$3,377,947,000

Debt Retirement Trend

$10,845,135,000 → $4,302,688,000▼ 60%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward lower debt levels.