STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
California                                  (in thousands)     Distribution         capita

Population (thousands)                              32,268                                
Total Revenue                                  131,099,489           100.00       4,062.83
  General revenue                              103,929,227            79.28       3,220.81
    Intergovernmental revenue                   30,345,109            23.15         940.41
    Taxes                                       61,666,886            47.04       1,911.08
      General sales                             19,973,609            15.24         618.99
      Selective sales                            5,248,446             4.00         162.65
      License taxes                              2,962,520             2.26          91.81
      Individual income tax                     23,272,871            17.75         721.24
      Corporate income tax                       5,803,652             4.43         179.86
      Other taxes                                4,405,788             3.36         136.54
    Current charges                              7,207,415             5.50         223.36
    Miscellaneous general revenue                4,709,817             3.59         145.96
  Utility revenue                                  150,978             0.12           4.68
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                       27,019,284            20.61         837.34
                                                                                          
Total expenditure                              117,209,422           100.00       3,632.37
  Intergovernmental expenditure                 49,635,672            42.35       1,538.23
  Direct expenditure                            67,573,750            57.65       2,094.14
    Current operation                           45,977,063            39.23       1,424.85
    Capital outlay                               3,708,494             3.16         114.93
    Insurance benefits and repayments           14,282,023            12.19         442.61
    Assistance and subsidies                     1,121,672             0.96          34.76
    Interest on debt                             2,484,498             2.12          77.00
Exhibit: Salaries and wages                     14,104,634            12.03         437.11
                                                                                          
Total expenditure                              117,209,422           100.00       3,632.37
  General expenditure                          102,852,971            87.75       3,187.46
    Intergovernmental expenditure               49,635,672            42.35       1,538.23
    Direct expenditure                          53,217,299            45.40       1,649.23
  General expenditure, by function:                                                       
    Education                                   35,546,148            30.33       1,101.59
    Public welfare                              30,205,384            25.77         936.08
    Hospitals                                    2,917,670             2.49          90.42
    Health                                       6,083,766             5.19         188.54
    Highways                                     4,581,485             3.91         141.98
    Police protection                            1,038,589             0.89          32.19
    Correction                                   3,967,874             3.39         122.97
    Natural resources                            2,011,381             1.72          62.33
    Parks and recreation                           248,997             0.21           7.72
    Governmental administration                  3,163,612             2.70          98.04
    Interest on general debt                     2,482,488             2.12          76.93
    Other and unallocable                       10,605,577             9.05         328.67
  Utility expenditure                               74,428             0.06           2.31
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                   14,282,023            12.19         442.61
                                                                                          
  Debt at end of fiscal year                    45,336,911           100.00       1,405.01
                                                                                          
  Cash and security holdings                   226,894,985           100.00       7,031.58