Overview of California

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $332.07
• Budget Limit ($ Billions): $345.74
• Budget Limit Growth ($ Billions): 4.12%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $3,861.70
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $15,446.81
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $9,121.62
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $36,486.47

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $531.01
• Budget Limit ($ Billions): $552.86
• Budget Limit Growth ($ Billions): 4.12%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $50,798.17
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $203,192.69
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $158,367.70
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $633,470.78

Other Considerations

• Economic Freedom (2020) (Rank): 49 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $6,325 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 2 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $10,167 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 13.50% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 46 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 13.30% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 50 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 48 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 8.84% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 7 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 8.82% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 7 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.75% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 33 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 2 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 3 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $18,760 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 47 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 11.4 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 29 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 13.2 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 50 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 61.90% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 28 [Bureau of Labor Statistics]