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SUMMARY OF CALIFORNIA'S OUTSTANDING DEBTS

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POSTED January 9, 2014 8:53 p.m.

Gov. Jerry Brown's budget proposal estimates that California owes about $355 billion in debts and unfunded liabilities for benefits promised to former and current state employees. The chart below summarizes the debts and liabilities, as estimated by the Department of Finance:

Outstanding debt

State retiree health care benefits

$63.8 billion

State employee pensions

$45.5 billion

Teacher pensions

$80.4 billion

University of California employee pensions

$12 billion

University of California retiree health care benefits

$13 billion

Judges' pensions

$3.1 billion

Maintenance of Proposition 98 guarantee for education spending

$4.5 billion

Unemployment Insurance debt to federal government

$8.8 billion

"Wall of Debt," including outstanding bonds, debts to local governments and schools

$24.9 billion

Deferred maintenance

$64.6 billion

Unissued bonds

$33.9 billion

Total

$354.5 billion

 

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