California’s state and local governments collected nearly $412 billion in taxes, fees, interest, federal grants and other payments in 2012 and spent nearly $449 billion, according to a new Census Bureau report.
The state and local revenues were the equivalent of about 20 percent of the state’s overall economy and represented 13.2 percent of all state and local government collections in the nation that year – roughly the same as California’s proportion of the national population.
The state collected $251 billion during 2012 from all sources and local governments received $252 billion, but $88 billion of the latter came from the state, mostly to support schools and county-managed health and welfare programs. Overall, too, $65.3 billion of the state and local income came from the federal government.
View Article