2007-08 California State budget

With an annual budget of over $100 billion dollars, the numbers involved in our annual state budget can be a bit intimidating. In round numbers, here’s what we dealing with…

Revenue Billions % of total

Personal income tax $55.6 55%
Sales tax $29.3 29%
Corporate tax $10.8 11%
Insurance tax $2.4 2%
Other $3.1 3%
TOTAL $101

Expenditures Billions % of total

K-12 education $40.5 39%
Health & human services $29.9 29%
Higher education $12 12%
Corrections & rehab $10 10%
Legislative, judicial &
Executive $3.8 4%
General government $3.1 3%
Business, transportation
And housing $1.6 1.5%
Other $2.3 2%
TOTAL $103