But the total, outlined in a followup report by the Legislature's budget analyst, Mac Taylor, is only an educated guess, and if past patterns hold true the real levels of income and outgo will be billions of dollars different.
One differential is already known. State revenues are running about $2 billion ahead of the budget's assumptions - as Taylor predicted they would be - and that will affect the money the state must spend on public education, the largest single category in the budget, as well as potentially pay for mid-year increases in health and welfare spending that the Legislature's majority Democrats are seeking.
The state's general fund, from which education and other major state expenditures are financed, is tagged at $96.3 billion in the report, with special funds, such as those devoted to transportation, accounting for another $42 billion, bond spending for $7 billion, and federal funds, mostly for education and health and welfare services, for another $87.6 billion.
Taylor's report - in effect an explanation of the budget in layman's language - not only deals with the money but how it will be spent, including a major overhaul in how school funds are being allocated, with more money going to school districts with large numbers of poor and/or English learner students. It also includes the state's plans to expand Medi-Cal to serve more of the state's medically insured residents, using funds from the federal health care overhaul, and a boost in higher education spending.
PHOTO: Legislative Analyst Mac Taylor, in 2011. The Sacramento Bee/Hector Amezcua