California vs. Other States

California Budget Challenge:

How does California's budget compare to other states? California represents the ninth-largest economy in the world and its 38 million residents give it the largest population in the United States. California is not alone in its fiscal challenges.It was reported that for the 2012 fiscal year, 42 states and the District of Columbia will have a combined $103 billion shortfall. States that do not anticipate a budget shortfall include Alaska, Arkansas, Delaware, Indiana, Montana, North Dakota, West Virginia, and Wyoming (according to the Center on Budget and Policy Priorities). California's projected deficit of $9.2 billion represents 10 percent of its total General Fund budget of $92.6 billion.

According to the Tax Foundation, California's total state and local tax burden in 2009 ranks 6th, at a rate of 10.6% of per capita income compared to the national average of 9.8%. According to the California Budget Project, we ranked 10th in 2007-08 for total state and local taxes. According to the California Department of Finance, the state ranks 19th in state and local taxes and fees, at $16.42 per $100 of personal income.

Posted by Jim Zellmer at May 31, 2012 1:03 AM
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