July 28, 2003

The California state general fund budget has increased by almost a half in six years. Here is quick breakdown of some of the outrageous numbers behind the most irresponsible government in the nation (excluding the one in Washington). The numbers come from the author of this CATO briefing paper on California's fiscal condition.

UPDATE: I had the percentages wrong in the above, so I've corrected them. How did I screw up? Well, I'm just a beginner at trying to make sense of the California taxing and spending accounts, and figuring out an IRS form is childs play compared to what the bureaucrats and politicians in Sacramento have constructed. An important distinction to recognize is that the all funds budget is in the $100 billion plus range, while the general fund budget is somewhere in the $70 - $80 billion range. If you forget this little fact, your math can go haywire.

Posted by Greg Ransom