>>Wow, good work
I'm not sure. Calif_reaganite provided some good input... I'm not sure the numbers I included are appropriate for the analysis. When I have a chance, I'll go back and look at just the general fund and bond fund line items, as well as the chained dollar values. But that also gets murky when there has been so much borrowing between funds and between years. There are probably many distortions in the data that I am not familiar with that cause swings in the percentage relationships.
Also, while the GSP #'s I used said they were not inflation adjusted, there was no description (that I found) re: the state numbers. For analysis purposes, they need to be the same (i.e. either both need to be raw numbers, or both similarly adjusted).
Lastly, the outrageous spending seems to have happened in the last couple years, as the legislature and past governor reportedly decided to spend revenue generated by income taxes from the dotcom frenzy. If true, a large growth in percentage should be reflected for the years following the frenzy... but without the GSP values, it can't be demonstrated. [sigh]
FF: Who's Tom Sullivan?
Calif_reaganite: Thanks for the input! If you have any more input as to what would be most comparable, I can crunch a number or two. :-)
Tom Sullivan is KFBK's business editor and afternoon talk show host. Tom began working at KFBK in December, 1980. He provides business reports twice an hour during the morning, noon and afternoon news.His show has consistently been the number one local talk show in Sacramento. Sullivan began his duties as a talk show host in July, 1988 when Rush Limbaugh left KFBK for his national show in New York. Tom is a Seattle native who has lived in Sacramento since 1975. In addition to his schedule at KFBK, Tom is with The Sullivan Group of Wachovia Securities and is also the financial editor of KCRA-TV (Channel 3).