Sacramento Business Journal: Report says California governments don’t reveal full spending

 

Staff Writer-Sacramento Business Journal

California’s governments spend more money than we think, according to a new report released this week.

The California Public Policy Center, a right-leaning nonprofit think tank, found that state and local governments spend a combined $365 billion in the fiscal year ending in 2011 — about 19 percent of the gross state product. The study also calculated that the state’s combined government debt load is $848 billion, including $611 billion held by local governments.

Continue reading here: http://www.bizjournals.com/sacramento/news/2013/07/17/california-governments-report-spending.html

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