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