Economy:

As of 2005, The gross state product (GSP) is about $1.62 trillion, the largest in the country. California is responsible for 13% of the United States gross domestic product (GDP). As of 2005, California's GDP is larger than all but seven countries' in the world (and all but eight countries by Purchasing Power Parity). California is also the home of several significant economic regions such as Hollywood (entertainment), the California Central Valley (agriculture), Silicon Valley (computers and high tech), and wine producing regions such as Santa Barbara and Northern California's Wine Country. The predominant industry, more than twice as large as the next, is agriculture, This is followed by aerospace; entertainment, primarily television by dollar volume, although many movies are still made in California; music production and recording studios; light manufacturing, including computer hardware and software; and the mining of borax.

Per capita personal income was $48,460 as of 2005, ranking 13th in the nation. Per capita income varies widely by geographic region and profession. The Central Valley is the most impoverished, with migrant farm workers making less than minimum wage. Recently, the San Joaquin Valley was characterized as one of the most economically depressed regions in the U.S., on par with the region of Appalachia. Many coastal cities include some of the wealthiest per-capita areas in the U.S. The high-technology sectors in Northern California, specifically Silicon Valley, in Santa Clara and San Mateo counties, are currently emerging from economic downturn caused by the dot.com bust, which caused the loss of over 250,000 jobs in Northern California alone. Recent (Spring 2005) economic data indicate that economic growth has resumed in California at 4.3%.

California levies a 9.3% maximum variable rate income tax, with 6 tax brackets. It collects about $40 billion in income taxes. California's combined state, county and local sales tax rate is from 7.25 to 8.75%. The rate varies throughout the state at the local level. In all, it collects about $28 billion in sales taxes. All real property are taxable and are assessed at fair market value at the time of purchase, limiting property tax income. California collects $33 billion in property taxes.
 
Transportation:

California's vast terrain is connected by an extensive system of freeways, expressways, and highways. California is known for its car culture, giving California's cities a reputation for severe traffic congestion. Construction and maintenance of state roads and statewide transportation planning are primarily the responsibility of the California Department of Transportation. One of the state's more visible landmark, the Golden Gate Bridge, is a highway bridge simultaneously designated as US Highway 101 and California State Highway 1. Los Angeles International Airport and San Francisco International Airport are major hubs for trans-Pacific and transcontinental traffic. There are about a dozen important commercial airports and many more general aviation airports throughout the state.

California also has several important seaports. The giant seaport complex formed by the Port of Los Angeles and the Port of Long Beach in Southern California is the largest in the country and responsible for handling about a fourth of all container cargo traffic in the United States. The Port of Oakland, fourth largest in the nation, handles trade from the Pacific Rim and delivers most of the ocean containers passing through Northern California to the entire USA.

Intercity rail travel is provided by Amtrak. Los Angeles and San Francisco both have subway networks, in addition to light rail. Metrolink commuter rail serves much of Southern California, and BART and Caltrain commuter rail connect Bay Area suburbs to San Francisco. San Jose and Sacramento have light rail, and San Diego has Trolley light rail and Coaster commuter rail services. Nearly all counties operate bus lines, and many cities operate their own bus lines as well. Intercity bus travel is provided by Greyhound and Amtrak bus services. The rapidly growing population of the state is straining all of its transportation networks. A regularly recurring issue in California politics is whether the state should continue to aggressively expand its freeway network or concentrate on improving mass transit networks in urban areas. The California High Speed Rail Authority was created in 1996 by the state to implement an extensive 700 mile (1127 km) rail system. Construction is pending approval of the voters during the November 2008 general election, in which a $9 billion state bond would have to be approved.
 
State Politics and Government:

California is governed as a republic, with three branches of government: the executive branch consisting of the Governor of California and the other independently elected constitutional officers; the legislative branch consisting of the Assembly and Senate; and the judicial branch consisting of the Supreme Court of California and lower courts. The state also allows direct participation of the electorate by initiative, referendum, recall, and ratification. California follows a closed primary system. The state's capital is Sacramento. The Governor of California and the other state constitutional officers serve four-year terms and may be re-elected only once. The California State Legislature consists of a 40 member Senate and 80 member Assembly. Senators serve four year terms and Assembly members two. Members of the Assembly are subject to term limits of 3 terms, and members of the Senate are subject to term limits of 2 terms.

For the 2005–2006 session, there are 48 Democrats and 32 Republicans in the Assembly. In the Senate, there are 25 Democrats and 15 Republicans. The current governor is Arnold Schwarzenegger, who was re-elected to a term that lasts through January 2011. California's judiciary is the largest in the United States (with a total of 1,600 judges, while the federal system has only about 840). It is supervised by the seven Justices of the Supreme Court of California. Justices of the Supreme Court and Courts of Appeal are appointed by the Governor, but are subject to retention by the electorate every 12 years.
 
 
 
 

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