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Members of the State Dept. of Finance and a legislative analyst give an overview of the State Dept. of Finance; observations on the fiscal politics of governors from Hiram Johnson through Goodwin Knight; details of public revenues and expenditures in the 1940s, and the administrative changes produced by increased expenditure; the budget transition from Governors Culbert Olson to Earl Warren; the work of the legislative analyst's office, 1946-71, on prisons, mental hospitals, schools, water planning, urban problems. Appended statement on the Board of Equalization by Paul Leake.

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