18. The Public Finance Equation
+ Surplus
Revenues − Spending = or
− (Deficit)
Personal income tax Health & human services
Sales & use tax Education
Corporation tax Transportation
Other taxes & fees General government
Bond sales (borrowing) Corrections
Federal funds Debt service
20. Exhibit 5-3
California 2005 Tax Rate Schedule X
Use if your filing status is Single or Married filing
separately.
If Married filing jointly, double all the dollar figures.
24. Exhibit 5-6
Allocation of 7.25% Statewide California’s
Sales and Use Tax
For every dollar of taxable purchases, you pay sales tax to:
Destination Amount Restrictions
Unrestricted except for motor
State general fund 5¢ fuel sales, which are restricted
to transportation
State local revenue fund ½¢
State local public safety fund ½¢ Restricted for public safety
State fiscal recovery fund ¼¢
City or county jurisdiction in
which sale occurred
¾¢ Local government operations
County ¼¢ Restricted for transportation
Note: A city or county may levy additional sales and use tax. Therefore, the SUT varies in California
from 7.25 to 8.75 percent.
26. Exhibit 5-10
Intergovernmental Transfers
Percent and amount of recipient’s total revenues
From
To
Federal State
29.0 %
State* --
$42.9 billion
22.3 % 38.0 %
Counties**
$9.1 billion $15.6 billion
4.5 % 7.7 %
Cities***
$1.9 billion $2.8 billion
8.2 % 54.5 %
School districts****
$3.8 billion $25.7 billion
*State of California, Comprehensive Annual Financial Report for the year ending June 30, 2005, Controller of the State of California, 2005.
**Counties Annual Report 2003-2004, Controller of the State of California, 2006.
***Cities Annual Report 2003-2004, Controller of the State of California, 2006.
****School Districts Annual Report 1999-2000, Controller of the State of California, 2003.
27. Exhibit 5-11 What Year Is This?
Budget cycles overlap. A department is always in
the midst of at least three concurrent budget cycles.
29. Exhibit 5-13 A Tale of Two Agencies
California Department of Corrections
California State University (CSU)
& Rehabilitation (CDCR)
Total employment 54,868 Total employment 44,000
Full-time faculty 11,069
Correctional officers 33,428
Part-time faculty 10,025
CO salary $39,732-$67,932 Faculty salary $45,156-$97,776
Budget 2006-2007* $8.6 billion Budget 2006-2007* $4.6 billion
33 prisons
Facilities Facilities 23 campuses
40 camps
Institutional Institutional
170,475 348,000
population population†
Cost per inmate $34,150 Cost per FTE student $13,218
Commitment Enrollment
608 1,243
per 100,000 over 18 per 100,000 over 18
* Proposed General Fund Spending † Estimated Full-time Equivalent Students 2006-2007