California's Economy

• California Has One of the World's Largest Economies
• Employment In California Is Spread Among Many Industries
• California Recovering From Recession
• Service and Trade Industries Leading California Recovery
• Some Service and Trade Industries Are High Paying
• Top Six Markets For California Exports
• Aerospace Employment Is Lowest in Decades
• Housing Activity Continues to Lag

California's Population

• California's Population Growth Still Below Past Levels
• Nearly 60 Percent of Californians Live in Southern California
• Migration Again Contributing to State's Population Growth
• Inland Counties Growing Fastest
• California Population Growth To Vary Dramatically by Age Group
• Hispanics and Asians Will Account For Most of State's Population Growth

State and Local Finance

• State and Local Governments Raise Similar Amounts of Revenue
• California State and Local Revenue Sources -- No Single Source Predominates
• California Is an Average State In Terms of Revenue Burden
• Taxes Relative to Income -- Rising But Below Pre-Proposition 13 Levels
• Per Capita Taxes -- Also Rising But Below Pre-Proposition 13 in Real Terms
• Approval/Voting Requirements for State and Local Taxes and Bonds
• State's Involvement in Most Program Areas Is Extensive -- 1995-96
• California Has Nearly 7,000 Local Entities
• Schools Receive More Than Half of Property Taxes
• County Budgets Are Largely DrivenBy State Policy Choices
• City Budgets Reflect Local Preferences
• Special Districts Provide Many Services

State Revenue

• Almost Two-Thirds of All State Revenues Come From Income and Sales Taxes
• California's Governments Levy A Wide Variety of Different Taxes
• State Revenue Growth Has Resumed
• California's Income Tax Structure Is Highly Progressive
• Sales Tax Rates Vary by County
• Taxable Sales Ratio to Hold Steady
• Profits Recovering From Historic Lows
• State Tax Expenditures -- Over One-Third of Direct Expenditures

State Spending

• State Spending Growth Resumes As Recession Ends
• Spending Growth Varies Considerably by Program Area
• Special Fund Spending Has Grown Faster Than General Fund Spending Until Recently
• Most State Spending Is for Education, Health and Social Services
• Operating Surpluses Paying Off Accumulated Deficit
• Initiative Measures Limit StateAnd Local Fiscal Flexibility
• Most Federal Spending Is Outside the State Budget

Program Trends -- Part A

• Annual Cost Per Participant Varies Widely Among Major Programs
• Prison Population Is Growing Much Faster Than Other Caseloads
• K-12 Enrollment Growth Rates Increasing
• The Average Costs of a California School
• K-12 School Revenue
• K-12 Expenditures Per Pupil Lowest Among Ten Largest States
• Higher Education Enrollments Have Declined; May Now Be Stabilizing
• Recent Fee Increases Have Been Moderate Except for Professional School Students
• California's Resident Fees Are Low Compared to Other Public Institutions
• Crime Rate Peaked in California in 1980
• Crime Rate Remains Stable Despite Sharp Increase in Imprisonment
• Felony Arrests Highest Among Juveniles
• Juvenile Felony Arrests Likely to Increase Significantly
• California's Crime Rate Higher Than Many Large States

Program Trends -- Part B

• California's AFDC Caseloads Have Started to Decline
• Dependence on AFDC Has Started to Decline
• California's AFDC Grants Highest Among the Ten Largest States
• Foster Care Caseloads Increasing
• Disabled Recipients Are Largest and Fastest Growing Segment of the SSI/SSP Caseload
• California's SSI/SSP Grants Highest Among the Ten Largest States
• Growth in Medi-Cal Cases Slowing Down
• State Highway Travel Has Increased; Fuel Consumption Remains Stable
• State Funds Play Small Role in Growth of Highway Capital Outlay
• State Parks General Fund Support Has Declined
• Most of State Fails State Ozone Standard
• Projected Capital Outlay Needs For the State and K-12 Education
• Share of General Fund Revenue Needed for Bond Payments
• Lease-Payment Debt Becoming Larger Share of Total Debt

California's Economy

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