STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
California                                  (in thousands)     Distribution         capita

Population (thousands)                              32,667                                
Total Revenue                                  144,984,973           100.00       4,438.33
  General revenue                              111,087,737            76.62       3,400.66
    Intergovernmental revenue                   30,893,821            21.31         945.73
    Taxes                                       67,713,613            46.70       2,072.87
      General sales                             21,301,860            14.69         652.10
      Selective sales                            5,209,750             3.59         159.48
      License taxes                              3,135,510             2.16          95.99
      Individual income tax                     27,784,407            19.16         850.55
      Corporate income tax                       5,587,671             3.85         171.05
      Other taxes                                4,694,415             3.24         143.71
    Current charges                              7,667,614             5.29         234.72
    Miscellaneous general revenue                4,812,689             3.32         147.33
  Utility revenue                                  159,623             0.11           4.89
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                       33,737,613            23.27       1,032.79
                                                                                          
Total expenditure                              120,329,505           100.00       3,683.57
  Intergovernmental expenditure                 51,053,075            42.43       1,562.85
  Direct expenditure                            69,276,430            57.57       2,120.71
    Current operation                           48,496,657            40.30       1,484.60
    Capital outlay                               3,620,157             3.01         110.82
    Insurance benefits and repayments           13,564,056            11.27         415.23
    Assistance and subsidies                     1,168,977             0.97          35.79
    Interest on debt                             2,426,583             2.02          74.28
Exhibit: Salaries and wages                     14,268,096            11.86         436.78
                                                                                          
Total expenditure                              120,329,505           100.00       3,683.57
  General expenditure                          106,680,820            88.66       3,265.75
    Intergovernmental expenditure               51,053,075            42.43       1,562.85
    Direct expenditure                          55,627,745            46.23       1,702.90
  General expenditure, by function:                                                       
    Education                                   38,139,544            31.70       1,167.54
    Public welfare                              30,411,684            25.27         930.97
    Hospitals                                    2,431,517             2.02          74.43
    Health                                       6,388,493             5.31         195.57
    Highways                                     4,631,083             3.85         141.77
    Police protection                            1,145,727             0.95          35.07
    Correction                                   3,437,824             2.86         105.24
    Natural resources                            2,082,181             1.73          63.74
    Parks and recreation                           270,490             0.22           8.28
    Governmental administration                  3,727,512             3.10         114.11
    Interest on general debt                     2,419,888             2.01          74.08
    Other and unallocable                       11,594,877             9.64         354.95
  Utility expenditure                               84,629             0.07           2.59
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                   13,564,056            11.27         415.23
                                                                                          
  Debt at end of fiscal year                    50,250,539           100.00       1,538.29
                                                                                          
  Cash and security holdings                   269,125,315           100.00       8,238.56