Comment: Re:This was my first thought as well. (Score 4, Insightful) 107
Your numbers for the K-12 education are off by an order of magnitude. The total state budget for K-12 education is $39.2 billion. With a total enrollment in the state of 6.2 million students, then it's an average of $6,300 per student.
What's really destroying education in California is Proposition 13. That single proposition stripped away a significant amount of money earned from property taxes. The housing market has ballooned a lot over the past few decades, but now many properties have an assessed value way below their true market values.