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Sep 1, 2012

The Biggest Reason Why California Is Bankrupt - state government jumped over 42%

.?The Sacramento Bee reports a remarkable figure. In the decade that ended in 2011, California's state government employed roughly 9.3 percent more people, a number that roughly tracks the increase in population seen in the Golden State.

You'd think that payroll costs would've increased by roughly the same amount.

Nope. 

Says the newspaper:


California's state government had 9.3 percent more employees in 2011 than it did 10 years earlier - closely tracking overall population growth - but its payroll costs had jumped by 42.4 percent, according to a new Census Bureau report.
Needless to say, California residents are not earning 42.4 percent more than they were just prior to 9/11. 

The details: In 2001, the state had the "full-time equivalent" of 372,678 employees and was paying them $1.7 billion a month. By 2011, the FTE's, as they are dubbed, had increased to 407,321 and payroll costs to $2.4 million billion.