Total Spending: $76.1 billion in general fund spending and $99.1 billion in total spending, including bonds and special funds. Biggest cuts occur in Public Schools ($2.0 billion less than what funding formulas dictate), Medi-Cal ( $1.1 billion less) Welfare ($780 milion), Prisons ($400 million less), Cities & Counties ($1.3 billion less), Streets & Highways ($1.3 billion less). REVENUES Personal Income Tax: $38 Billion / 49.8% Sales Tax: $25 Billion / 32.7% Corporate Taxes: $7.6 Billion /10.0% Insurance Tax: $2.1 Billion /2.7% Liquor Tax: $294 million / 0.4% Estate Tax: $136 million / 0.2% Tobacco Tax: $115 million / 0.2% Other: $3.1 Billlion / 4.0% ------------------------------------------------------------- EXPENDITURES K-12 Education $30.3 billion / 39.9% Health/Human Serv $24.6 billion / 32.3% Highest Education $8.7 billion / 11.4% Youth & Adult Corrrectional Agency $5.7 billion / 7.5% Tax Relief $4.7 billion / 6.2% Courts $1.6 billion / 2.1% Resources $1.0 billion / 1.2% http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/01/10/MNGO447MBF1.DTL
Now how could this post go on with just a mere 32 Views and not one SINGLE response by you? I'm disappointed. :eek:
I didn't know you wanted me to respond to that. I must say that so far I have been very pleased with Arnold's efforts. I think the cuts could have been deeper but so far so good. It looks like finally someone is going to force that state to watch their spending. I still think that education budget looks high. But maybe not, I don't know. If I were Arnold, I would go through another round of cuts next year, kind of like a tough love measure then slowly increase spending in only much needed areas.