The Public Finance Equation + SurplusRevenues − Spending = or − (Deficit)Personal income tax Health & human servicesSales & use tax EducationCorporation tax TransportationOther taxes & fees General governmentBond sales (borrowing) CorrectionsFederal funds Debt service
Exhibit 5-6Allocation of 7.25% Statewide California’sSales and Use TaxFor 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.
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.
Exhibit 5-11 What Year Is This?Budget cycles overlap. A department is always inthe midst of at least three concurrent budget cycles.
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 11,069Correctional officers 33,428 Part-time faculty 10,025CO salary $39,732-$67,932 Faculty salary $45,156-$97,776Budget 2006-2007* $8.6 billion Budget 2006-2007* $4.6 billion 33 prisonsFacilities Facilities 23 campuses 40 campsInstitutional Institutional 170,475 348,000population population†Cost per inmate $34,150 Cost per FTE student $13,218Commitment Enrollment 608 1,243per 100,000 over 18 per 100,000 over 18 * Proposed General Fund Spending † Estimated Full-time Equivalent Students 2006-2007