State Revenues in (In Billions) General Fund Revenues Total State Revenues $96.9 Billion Special Funds Revenues
Relative Importance of Different Revenue Sources Over Time Personal Income Tax Sales and Use Tax Bank and Corporation Tax All Other General Fund Revenues
Strong Personal Income Taxes Have Led Revenue Growth Average Annual Revenue Growth Through % Other Revenues Bank and Corporation Tax Sales and Use Tax Personal Income Tax Personal Income Growth (6.3 Percent)
Recent Income Gains Largest at Top End % Bottom2nd3rd4thTop Percent Change in Average Real Income Joint Returns By Quintile 1993 Through 1998
Business Services and Construction Have Led the 1990’s Expansion Annual Average Percent Change in California Jobs 1994 Through % Aerospace Federal Government Nondurable Manufacturing Finance, Insurance, and Real Estate State and Local Government Trade Other Services Electronics Manufacturing Construction Business Services All Industries 3% New Jobs (In Thousands) Total 2,391
The State’s Software Industries Have Boomed During the Decade New Jobs, 1994 to Early Other Software Related Activities Computer Systems Design Packaged Software Computer Services Internet Computer Programming $96, ,000 88, , ,400 61,000 Average Wage in 2000 (Thousands of Jobs)
Stock Market Decline to Moderate Stock Options and Capital Gains Income Included on California Tax Returns (In Billions) Stock Options Capital Gains Forecast $