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California levies a 9.3 percent maximum variable rate income tax, with six tax brackets, collecting about $40 billion per year (representing approximately 51% of General Fund revenue and 40% of tax revenue overall in FY2007). [2] California has a state sales tax of 8.25%, which can total up to 10.75% with local sales tax included. [3]
The Governor's Office of Business and Economic Development (GO-Biz) was created by Governor Edmund G. Brown Jr. in 2012. GO-Biz serves as the State of California's leader for job growth and economic development efforts.
California State Government Organization Archived 2010-10-06 at the Wayback Machine - Chart showing a hierarchy of the above departments and commissions California State Agency Databases Archived 2016-03-07 at the Wayback Machine - Comprehensive list of state agencies and databases maintained by the American Library Association
The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the List of countries by GDP World's fourth largest economy, behind Germany ( 4.71 ...
The state’s tax revenue for the year fell $26 billion below estimates, the Legislative Analyst’s Office reported. California faces a $68 billion spending gap after tax revenue shortfall ...
The state’s Department of Finance acknowledged an “increasing likelihood” that the state won’t bring in as much cash as it initially projected. Could a California revenue shortfall mean ...
The State Controller and the Chair of the Board of Equalization are elected officials, while the Director of the Department of Finance is appointed by the Governor of California. The State Controller is elected to a four-year term, and the Director of the Department of Finance serves at the pleasure of the Governor, who is elected to a four ...
Tax collection woes and migration have been a big problem.