According to the California Department of Finance, California’s state expenditures have risen from $57.3 billion in 1999 to $104.5 billion for 2009.
That is an 82 PERCENT INCREASE IN SPENDING OVER 10 YEARS.
State revenue (taxes) have increased from $58.6 billion in 1999 to about $97 billion in 2008, dropping to $82.7 billion in 2009. Using the 2009 figure, that is a 41 percent increase. Using the 2008 revenue figure, a 65 percent increase.
Any way you look at it, 82 percent is far, far higher than the rate of inflation.
During the past decade the aggregate inflation rate has been 32 percent.
In other words, California’s spending has increased at 156 percent the rate of inflation.
California has a spending problem.