Thursday, March 03, 2011

California's budget disaster -- by the numbers

Sylvia Cochran's analysis should given anyone pause, especially residents of Governor Moonbeam's state.

$12 billion: the amount of 'temporarily' increased taxes that Gov. Brown wants to maintain on the books though they are slated to end this year.

$21 billion: California's estimated annual expenditure to support illegal aliens including health care, welfare, imprisonment and other charges.

$25.4 billion: California's FY2011 budget deficit.

$37.8 billion: 2011 state and local pension obligations, with 2012 estimates at $41.5 billion and 2016 at $60.5 billion.

$57.5 billion: California's estimated annual welfare spending at the state and local levels. The number is anticipated to increase to $62.84 billion in 2012, $68.87 billion in 2013 -- and $91.99 billion in 2016.

$466 billion - California's total estimated statewide and municipal expenditures for 2011. This figure, in spite of the recession, has risen over the last two years. And despite budget cuts, 2012 spending is estimated to total $485 billion... and by 2013 the state could pass the half trillion dollar mark.


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