California’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $142.1 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $472.2 billion too much.
  • The 2023 funds budget is $207.9 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $965.0 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $323.03
  • FY 2025 Only State Funds Budget Limit ($ Billions): $338.87
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 4.90%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $3,648
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $14,592
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $12,119
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $48,474

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $480.51
  • FY 2025 All Funds Budget Limit ($ Billions): $504.07
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 4.90%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 5,335
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 21,339
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 24,766
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 99,063

Other Considerations