STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                      Percent           Per
CALIFORNIA                                   1992 Distribution       capita

Population (thousands)                     30,380           -             -
Total Revenue                         101,998,668       100.0%     3,357.43
  General revenue                      81,243,813        79.7%     2,674.25
    Intergovernmental revenue          23,429,204        23.0%       771.20
    Taxes                              47,972,949        47.0%     1,579.10
      General sales                    16,089,973        15.8%       529.62
      Selective sales                   4,623,892         4.5%       152.20
      License taxes                     2,287,864         2.2%        75.31
      Individual income                17,029,575        16.7%       560.55
      Corporation net income            4,518,418         4.4%       148.73
      Other taxes                       3,423,227         3.4%       112.68
    Current charges                     5,471,427         5.4%       180.10
    Miscellaneous general revenue       4,370,233         4.3%       143.85
  Utility revenue                         178,777         0.2%         5.88
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue              20,576,078        20.2%       677.29

Total Expenditure                      97,231,185       100.0%     3,200.50
  Intergovernmental expenditure        40,906,090        42.1%     1,346.48
  Direct expenditure                   56,325,095        57.9%     1,854.02
    Current operation                  35,940,527        37.0%     1,183.03
    Capital outlay                      3,501,400         3.6%       115.25
    Insurance benefits and repayments  13,630,623        14.0%       448.67
    Assistance and subsidies              758,994         0.8%        24.98
    Interest on debt                    2,493,551         2.6%        82.08
Exhibit:  Salaries and wages           12,003,701        12.3%       395.12

Total expenditure                      97,231,185       100.0%     3,200.50
  General expenditure                  83,512,173        85.9%     2,748.92
        Intergovernmental expenditure  40,906,090        42.1%     1,346.48
        Direct expenditure             42,606,083        43.8%     1,402.44
  General expenditure, by function:
      Education                        28,284,998        29.1%       931.04
      Public welfare                   23,895,791        24.6%       786.56
      Hospitals                         2,609,358         2.7%        85.89
      Health                            4,153,502         4.3%       136.72
      Highways                          4,374,948         4.5%       144.01
      Police protection                   894,794         0.9%        29.45
      Correction                        3,226,256         3.3%       106.20
      Natural resources                 1,519,328         1.6%        50.01
      Parks and recreation                224,461         0.2%         7.39
      Governmental administration       2,725,364         2.8%        89.71
      Interest on general debt          2,457,151         2.5%        80.88
      Other and unallocable             9,146,222         9.4%       301.06
  Utility expenditure                      88,389         0.1%         2.91
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure          13,630,623        14.0%       448.67

Debt at end of fiscal year             37,823,709       100.0%     1,245.02

Cash and Security Holdings            138,560,741       100.0%     4,560.92