What’s inside the 2022 California Budget?
How much does your state spend on healthcare? What about education? What new projects are they funding this year? How much tax revenue have they lost due to the pandemic? What programs have they cut?
Most people have a hard time finding where their state dollars go and what what programs get funded. That’s why we’re piloting a new project that aims to increase transparency within the state budgeting process as its a topic often overlooked and rarely makes the news. The more informed people are the better decisions we can make.
The first phase of this project will be to collect data and compare since its not always easy to find. Hopefully you’ll find it helpful. Note- we are not government document wizards so if you have any tips, process improvements, new ideas or are looking to help- let us know!
California
California’s budget is huge. Most people do not realized but if California were a sovereign nation, it would rank as the world’s fifth largest economy, ahead of India and behind Germany.
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Quick budgeting 101 before you jump in!
- Looking at the historical spending trend is a good place to start.
- YoY Growth % is helpful since any increase or decrease can tell what the state is prioritizing over other areas.
- % of Spend is also another helpful way to see changes. For example: after a global pandemic, would you expect spending on Healthcare/Education to raise or fall?
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