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This is a list of U.S. state government budgets as enacted by each state's legislature.. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts).
The 8.4 percent "average" sales tax assessed by the state and local governments of California is one of the highest in the nation and varies by city and county from a low of 7.25% to 10.0%. Food, prescription drugs and services are exempt from sales tax — about one-third of all purchases have sales tax applied to them.
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
In 2016, California's K–12 public school per-pupil spending was ranked 22nd in the nation ($11,500 per student vs. $11,800 for the U.S. average). [265] For 2012, California's K–12 public schools ranked 48th in the number of employees per student, at 0.102 (the U.S. average was 0.137), while paying the 7th most per employee, $49,000 (the U.S ...
An Annual Comprehensive Financial Report (ACFR), formerly called a Comprehensive Annual Financial Report (CAFR)) [1] is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB).
California natural gas production typically is less than 2 percent of total annual U.S. production and satisfies less than one-sixth of state demand. [ 106 ] [ 107 ] California receives most of its natural gas by pipeline from production regions in the Rocky Mountains , the Southwest, and western Canada . [ 107 ]
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News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...