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

                                                      Percent           Per
CALIFORNIA                                   1994 Distribution       capita

Population (thousands)                     31,431           -             -
Total Revenue                         115,227,902       100.0%     3,666.06
  General revenue                      89,751,813        77.9%     2,855.52
    Intergovernmental revenue          29,698,401        25.8%       944.88
    Taxes                              49,695,396        43.1%     1,581.09
      General sales                    16,871,660        14.6%       536.78
      Selective sales                   4,593,867         4.0%       146.16
      License taxes                     2,471,486         2.1%        78.63
      Individual income                17,547,763        15.2%       558.29
      Corporation net income            4,633,449         4.0%       147.42
      Other taxes                       3,577,171         3.1%       113.81
    Current charges                     6,279,994         5.5%       199.80
    Miscellaneous general revenue       4,078,022         3.5%       129.75
  Utility revenue                         136,116         0.1%         4.33
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue              25,339,973        22.0%       806.21

Total Expenditure                     105,830,659       100.0%     3,367.08
  Intergovernmental expenditure        44,101,753        41.7%     1,403.13
  Direct expenditure                   61,728,906        58.3%     1,963.95
    Current operation                  39,986,730        37.8%     1,272.21
    Capital outlay                      3,982,609         3.8%       126.71
    Insurance benefits and repayments  14,363,768        13.6%       456.99
    Assistance and subsidies              959,852         0.9%        30.54
    Interest on debt                    2,435,947         2.3%        77.50
Exhibit:  Salaries and wages           12,351,581        11.7%       392.97

Total expenditure                     105,830,659       100.0%     3,367.08
  General expenditure                  91,377,149        86.3%     2,907.23
        Intergovernmental expenditure  44,101,753        41.7%     1,403.13
        Direct expenditure             47,275,396        44.7%     1,504.10
  General expenditure, by function:
      Education                        28,114,516        26.6%       894.48
      Public welfare                   28,567,751        27.0%       908.90
      Hospitals                         2,706,385         2.6%        86.11
      Health                            4,896,146         4.6%       155.77
      Highways                          4,658,401         4.4%       148.21
      Police protection                   868,550         0.8%        27.63
      Correction                        3,499,370         3.3%       111.33
      Natural resources                 1,687,892         1.6%        53.70
      Parks and recreation                240,046         0.2%         7.64
      Governmental administration       3,085,855         2.9%        98.18
      Interest on general debt          2,401,081         2.3%        76.39
      Other and unallocable            10,651,479        10.1%       338.88
  Utility expenditure                      89,742         0.1%         2.86
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure          14,363,768        13.6%       456.99

Debt at end of fiscal year             48,120,610       100.0%     1,530.99

Cash and Security Holdings            146,241,664       100.0%     4,652.78