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Aug 02
2010
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The Legislature and the BudgetPosted by: Bruce Robinson on Aug 02, 2010 Tagged in: state government , politics , legislation , government , finances , economy , current events , California , budget
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There’s a 19 billion dollar deficit in the state budget, which should have been finalized a month ago. But the state legislature is only now returning to the capitol and preparing to get to work on the budget issue.
The graphs shown here provide some context for understanding the ongoing budget stalemate. This figure illustrates how the reliance on property taxes has continued to increase, while personal income tax revenues have fluctuated sharply.

As for where the money goes, this chart shows that education and social services account for the biggest shares.



