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

                                                      Percent           Per
CALIFORNIA                                   1995 Distribution       capita

Population (thousands)                     31,589           -             -
Total Revenue                         118,303,386       100.0%     3,745.08
  General revenue                      94,252,188        79.7%     2,983.70
    Intergovernmental revenue          29,982,101        25.3%       949.13
    Taxes                              53,269,075        45.0%     1,686.32
      General sales                    17,687,262        15.0%       559.92
      Selective sales                   4,933,279         4.2%       156.17
      License taxes                     2,870,933         2.4%        90.88
      Individual income                18,344,342        15.5%       580.72
      Corporation net income            5,747,929         4.9%       181.96
      Other taxes                       3,685,330         3.1%       116.66
    Current charges                     6,471,698         5.5%       204.87
    Miscellaneous general revenue       4,529,314         3.8%       143.38
  Utility revenue                         136,679         0.1%         4.33
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue              23,914,519        20.2%       757.05

Total Expenditure                     109,231,147       100.0%     3,457.89
  Intergovernmental expenditure        44,892,639        41.1%     1,421.15
  Direct expenditure                   64,338,508        58.9%     2,036.74
    Current operation                  41,445,317        37.9%     1,312.02
    Capital outlay                      4,015,816         3.7%       127.13
    Insurance benefits and repayments  15,128,019        13.8%       478.90
    Assistance and subsidies            1,049,052         1.0%        33.21
    Interest on debt                    2,700,304         2.5%        85.48
Exhibit:  Salaries and wages           13,141,094        12.0%       416.00

Total expenditure                     109,231,147       100.0%     3,457.89
  General expenditure                  94,006,597        86.1%     2,975.93
        Intergovernmental expenditure  44,892,639        41.1%     1,421.15
        Direct expenditure             49,113,958        45.0%     1,554.78
  General expenditure, by function:
      Education                        30,027,036        27.5%       950.55
      Public welfare                   28,512,998        26.1%       902.62
      Hospitals                         2,525,505         2.3%        79.95
      Health                            5,256,929         4.8%       166.42
      Highways                          4,820,924         4.4%       152.61
      Police protection                   898,881         0.8%        28.46
      Correction                        3,675,808         3.4%       116.36
      Natural resources                 1,790,574         1.6%        56.68
      Parks and recreation                257,910         0.2%         8.16
      Governmental administration       3,193,993         2.9%       101.11
      Interest on general debt          2,666,374         2.4%        84.41
      Other and unallocable            10,382,413         9.5%       328.67
  Utility expenditure                      96,531         0.1%         3.06
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure          15,128,019        13.8%       478.90

Debt at end of fiscal year             48,197,317       100.0%     1,525.76

Cash and Security Holdings            182,653,289       100.0%     5,782.18