California Fiscal Statistics

StatisNostics/State Financials/California

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20122022

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State Revenue Analysis (California: 2012–2022)

Population: 38,062,780 → 39,368,078 (3.4% change)

Overall Revenue Trends

Total Revenue▲ 125.8%

$214,771,826,000 (2012)→$484,991,473,000 (2022)

Per Capita Revenue▲ 118.3%

$5,643 (2012)→$12,319 (2022)

Fund Balances▼ 100%

$93,672,610,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 9.5%

Major Tax Revenue

Property Tax▲ 43.6%

$2,079,878,000 (2012)→$2,986,154,000 (2022)

Sales Tax▲ 67.1%

$31,253,629,000 (2012)→$52,228,035,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Other Selective Sales Taxes▲ 4551.3%

$103,080,000→$4,794,602,000

Taxes Not Elsewhere Classified▲ 2731.4%

$88,914,000→$2,517,502,000

Corporation Net Income Tax▲ 478.8%

$7,949,000,000→$46,005,502,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 87.5%

$5,498,000→$687,000

Workers Compensation - Interest Earnings▼ 87.5%

$917,432,000→$114,784,000

Local Intergovernmental Public Welfare▼ 78.2%

$1,309,671,000→$285,407,000

Revenue Forecast

Projected Revenue (Next Year)▲ 20.5%

Estimated: $584,542,360,787

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%

2022 Revenue Breakdown

Individual Income Tax30.1%

Federal Intergovernmental Public Welfare19.7%

Total General Sales Taxes10.8%

Corporation Net Income Tax9.5%

Federal Intergovernmental Education4.8%

Hospital Charges3.6%

Higher Education Tuition Charges2.0%

Other In Trust - Other Contributions1.9%

Motor Fuels Sales Tax1.8%

Motor Vehicle License1.6%

Unemployment - Contribution1.4%

Federal Intergovernmental Highways1.3%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Other Selective Sales Taxes1.0%

Occupation & Business License Not Elsewhere Classified0.9%

Federal Intergovernmental Other0.9%

Donations From Private Sources0.8%

Insurance Premium Tax0.7%

Net Lottery Revenue0.6%

Property Tax0.6%

All Other Not Elsewhere Classified Charges0.5%

Taxes Not Elsewhere Classified0.5%

Higher Education Auxiliary Charges0.5%

Local Intergovernmental Other0.4%

Federal Intergovernmental Health & Hospitals0.4%

Tobacco Sales Tax0.4%

Natural Resources Not Elsewhere Classified Charges0.3%

Workers Compensation - Other Contributions0.3%

Interest Earnings0.3%

Fines & Forfeits0.2%

Public Utilities Tax0.2%

Public Utility License Tax0.1%

Alcoholic Beverage Sales Tax0.1%

Local Intergovernmental Education0.1%

Motor Vehicle Operators License0.1%

Federal Intergovernmental Other Natural Resources0.1%

Local Intergovernmental Highways0.1%

Local Intergovernmental Public Welfare0.1%

Federal Intergovernmental Employment Security Administration0.1%

Federal Intergovernmental Sewerage0.0%

Royalties0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Housing & Community Development0.0%

Severance Tax0.0%

Hunting & Fishing License0.0%

Workers Compensation - Interest Earnings0.0%

Rents0.0%

Corporation License Tax0.0%

Alcoholic Beverage License Tax0.0%

Other License Tax0.0%

Regular Highway Charges0.0%

Sale of Property0.0%

Amusement License Tax0.0%

Parking Facilities Charges0.0%

Parimutuels Tax0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Housing & Community Development Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Federal Intergovernmental Air Transportation0.0%

Death & Gift Tax0.0%

Key Insights

1Total revenue increased by 125.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 3.4%, while per-capita revenue changed by 118.3%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (California: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 262%

$72,330,638,000→$262,109,552,000

Per Capita Spending▲ 250%

$1,900→$6,658

Population Trends

Population Change▲ 3.4%

38,062,780 (2012)→39,368,078 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 46%

$1,488,359,000 (2012)→$2,176,565,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 40%

$4,091,167,000 (2012)→$5,733,123,000 (2022)

Sewerage Operations▲ 263%

$183,224,000 (2012)→$665,096,000 (2022)

Administrative Expenses

Financial Administration▲ 77%

$3,203,230,000 (2012)→$5,666,383,000 (2022)

General Expenses▲ 94%

$3,771,016,000 (2012)→$7,332,884,000 (2022)

California Key Insights

1Per capita expenditures grew by 250%, indicating substantial service expansion or cost increases not explained by population growth alone
2Sewerage was the fastest growing major expense category at 263% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 30%

$121,445,563,000 (2012)→$157,841,016,000 (2022)

Industrial Revenue Debt▼ 100%

$32,083,054,000 (2012)→$0 (2022)

Per Capita Debt▲ 26%

$3,191 (2012)→$4,009 (2022)

Population Trends

Population Change▲ 3.4%

38,062,780 (2012)→39,368,078 (2022)

Debt Management

Most Recent Year (2022)

Issued:$16,745,633,000

Retired:$12,010,685,000

Net Change:+$4,734,948,000

Debt Retirement Trend

$10,845,135,000 → $12,010,685,000▲ 11%

Key Insights

1New debt issuance significantly increased the per-resident debt burden (up 26%).