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That's ~5% of the state budget, and primarily financed by the gas tax, not the income tax. (Large projects funded with bonds) Source: https://dot.ca.gov/-/medi
by trimbo 5y ago
That's ~5% of the state budget, and primarily financed by the gas tax, not the income tax. (Large projects funded with bonds)
Source: https://dot.ca.gov/-/media/dot-media/programs/research-innovation-system-information/documents/caltrans-fact-booklets/2021-caltrans-facts-a11y.pdf https://dot.ca.gov/-/media/dot-media/programs/research-innov...
- lotsofpulp 5y agoThere is no purpose to delineating government revenues since money is fungible. Even though legislators might label or apportion some source of tax to some specific expense, in reality, they can always move it elsewhere (since they are the legislators). Therefore, it is always a question of which expense has political priority.
- kansface 5y agoI thought the problem with CA was that the state budget isn't fungible - 90%+ of the money is allocated via ballot measures or the state constitution and can't be touched by the legislature.
- lotsofpulp 5y agoI do not know enough about CA budget's mechanics, but that would seem like a very inefficient and ineffective way to operate a state.
- shagie 5y agohttps://www.budgetchallenge.org/pages/home https://www.budgetchallenge.org/pages/home gets you an idea of the challenge that they have.