Table 1: State and Local Government Finances by Level of Government and by State: 2003-04 Description State & Local State Local government government government Amount CV Amount Amount CV VT Revenue 5,265,774 0.05 4,302,590 1,889,184 0.19 VT VT General revenue 4,568,694 0.06 3,794,824 1,699,870 0.21 VT VT Intergovernmental revenue 1,368,692 0.03 1,314,916 979,776 0.14 VT From federal government 1,368,692 0.03 1,314,084 54,608 0.84 VT From state government 0 0.00 0 925,168 0.13 VT From local government 0 0.00 832 0 0.00 VT VT General revenue from own sources 3,200,002 0.09 2,479,908 720,094 0.39 VT Taxes 2,286,183 0.11 1,766,719 519,464 0.47 VT Property 950,456 0.25 448,203 502,253 0.47 VT Sales and gross receipts 693,232 0.00 687,595 5,637 0.00 VT General sales 259,192 0.00 256,958 2,234 0.00 VT Selective sales 434,040 0.00 430,637 3,403 0.00 VT Motor fuel 85,994 0.00 85,994 0 0.00 VT Alchoholic beverage 16,894 0.00 16,894 0 0.00 VT Tobacco products 51,182 0.00 51,182 0 0.00 VT Public utilities 12,241 0.00 10,769 1,472 0.00 VT Other selective sales 267,729 0.00 265,798 1,931 0.00 VT Individual income tax 429,817 0.00 429,817 0 0.00 VT Corporate income tax 62,228 0.00 62,228 0 0.00 VT Motor vehicle license 62,566 0.00 62,566 0 0.00 VT Other taxes 87,884 0.34 76,310 11,574 2.56 VT VT Charges and miscellaneous general revenue 913,819 0.11 713,189 200,630 0.50 VT Current charges 489,749 0.16 365,920 123,829 0.65 VT Education 336,319 0.00 316,353 19,966 0.00 VT Institutions of higher education 316,353 0.00 316,353 0 0.00 VT School lunch sales (gross) 17,004 0.00 0 17,004 0.00 VT Hospitals 0 0.00 0 0 0.00 VT Highways 63 295.49 47 16 163.50 VT Air transportation (airports) 10,055 0.00 189 9,866 0.00 VT Parking facilities 6,153 0.00 0 6,153 0.00 VT Sea and inland port facilities 0 0.00 0 0 0.00 VT Natural resources 1,389 0.00 1,195 194 0.00 VT Parks and recreation 12,284 0.72 6,639 5,645 1.56 VT Housing and community development 8,280 0.06 2,208 6,072 0.09 VT Sewerage 41,887 0.42 0 41,887 0.42 VT Solid waste management 17,370 2.16 937 16,433 2.28 VT Other charges 55,949 0.99 38,352 17,597 3.14 VT VT Miscellaneous general revenue 424,070 0.17 347,269 76,801 0.93 VT Interest earnings 145,979 0.10 134,067 11,912 1.21 VT Special assessments 2,252 1.51 0 2,252 1.51 VT Sale of property 752 0.00 382 370 0.00 VT Other general revenue 275,087 0.25 212,820 62,267 1.10 VT VT Utility revenue 177,183 0.25 0 177,183 0.25 VT Water supply 54,255 0.82 0 54,255 0.82 VT Electric power 119,068 0.00 0 119,068 0.00 VT Gas supply 0 0.00 0 0 0.00 VT Transit 3,860 0.00 0 3,860 0.00 VT VT Liquor stores revenue 35,279 0.00 35,279 0 0.00 VT VT Insurance trust revenue 484,618 0.00 472,487 12,131 0.00 VT Unemployment compensation 64,950 0.00 64,950 0 0.00 VT Employee retirement 419,668 0.00 407,537 12,131 0.00 VT Workers' compensation 0 0.00 0 0 0.00 VT Other insurance trust revenue 0 0.00 0 0 0.00 VT VT Expenditure 4,812,173 0.17 3,913,616 1,879,557 0.44 VT VT By character and object: VT Intergovernmental expenditure 461 0.00 981,307 154 78.09 VT Direct expenditure 4,811,712 0.17 2,932,309 1,879,403 0.44 VT Current operation 3,993,546 0.20 2,313,956 1,679,590 0.47 VT Capital outlay 307,935 0.75 155,818 152,117 1.52 VT Construction 246,321 0.87 128,429 117,892 1.82 VT Other capital outlay 61,614 1.35 27,389 34,225 2.44 VT Assistance and subsidies 123,631 0.00 123,631 0 0.00 VT Interest on debt 181,630 0.14 139,061 42,569 0.60 VT Insurance benefits and repayments 204,970 0.00 199,843 5,127 0.00 VT Exhibit: Salaries and wages 1,484,426 0.10 623,120 861,306 0.18 VT VT Direct expenditure by function 4,811,712 0.17 2,932,309 1,879,403 0.44 VT Direct general expenditure 4,397,686 0.19 2,694,831 1,702,855 0.49 VT Capital outlay 296,681 0.78 155,429 141,252 1.64 VT Other direct general expenditure 4,101,005 0.19 2,539,402 1,561,603 0.51 VT VT Education services: VT Education 1,761,066 0.00 606,380 1,154,686 0.00 VT Capital outlay 130,966 0.00 53,681 77,285 0.00 VT Higher education 518,720 0.00 518,720 0 0.00 VT Capital outlay 53,505 0.00 53,505 0 0.00 VT Elementary & secondary 1,154,686 0.00 0 1,154,686 0.00 VT Capital outlay 77,285 0.00 0 77,285 0.00 VT Other education 87,660 0.00 87,660 0 0.00 VT Libraries 14,357 1.15 3,280 11,077 1.49 VT VT Social services and income maintenance: VT Public welfare 1,015,572 0.00 1,014,937 635 5.61 VT Cash assistance payments 73,791 0.00 73,791 0 0.00 VT Vendor payments 642,606 0.00 642,538 68 0.00 VT Other public welfare 299,175 0.01 298,608 567 6.28 VT Hospitals 14,621 0.11 14,579 42 38.34 VT Capital outlay 40 26.21 30 10 104.82 VT Health 96,624 0.49 89,967 6,657 7.09 VT Social insurance administration 2,800 0.00 2,800 0 0.00 VT Veterans services 0 0.00 0 0 0.00 VT VT Transportation: VT Highways 333,176 0.58 203,058 130,118 1.50 VT Capital outlay 98,074 1.23 79,192 18,882 6.41 VT Air transportation (airports) 14,268 0.00 7,245 7,023 0.00 VT Parking facilities 7,688 0.00 0 7,688 0.00 VT Sea and inland port facilities 0 0.00 0 0 0.00 VT Transit subsidies 51 0.00 0 51 0.00 VT VT Public safety: VT Police protection 114,549 0.22 61,472 53,077 0.47 VT Fire protection 38,972 2.10 0 38,972 2.10 VT Correction 93,203 0.00 93,202 1 0.00 VT Capital outlay 972 0.00 972 0 0.00 VT Protective inspection and regulation 17,124 0.00 16,535 589 0.00 VT VT Environment and housing: VT Natural resources 81,627 0.00 80,713 914 0.00 VT Capital outlay 2,142 0.00 2,142 0 0.00 VT Parks and recreation 28,987 1.88 12,383 16,604 3.29 VT Capital outlay 1,937 3.12 1,246 691 8.74 VT Housing and community development 111,437 0.00 70,522 40,915 0.01 VT Sewerage 51,736 3.83 0 51,736 3.83 VT Capital outlay 12,532 14.37 0 12,532 14.37 VT Solid waste management 32,555 1.60 9,682 22,873 2.28 VT Capital outlay 401 20.51 67 334 24.62 VT VT Governmental administration: VT Financial administration 82,774 1.72 39,983 42,791 3.33 VT Judicial and legal 49,277 0.05 45,729 3,548 0.73 VT General public buildings 36,014 0.14 31,528 4,486 1.12 VT Other governmental administration 35,312 1.84 18,554 16,758 3.88 VT VT Interest on general debt 168,721 0.11 139,061 29,660 0.65 VT General expenditure, n.e.c VT Miscellaneous commercial activities 0 0.00 0 0 0.00 VT Other and unallocable 195,175 3.76 133,221 61,954 11.86 VT VT Utility expenditure 174,174 1.21 2,753 171,421 1.23 VT Capital outlay 11,254 0.40 389 10,865 0.42 VT Water supply 50,353 4.11 0 50,353 4.11 VT Electric power 110,617 0.40 0 110,617 0.40 VT Gas supply 0 0.00 0 0 0.00 VT Transit 13,204 0.00 2,753 10,451 0.00 VT VT Liquor store expenditure 34,882 0.00 34,882 0 0.00 VT VT Insurance trust expenditure 204,970 0.00 199,843 5,127 0.00 VT Unemployment compensation 91,272 0.00 91,272 0 0.00 VT Employee retirement 113,698 0.00 108,571 5,127 0.00 VT Workers' compensation 0 0.00 0 0 0.00 VT Other insurance trust 0 0.00 0 0 0.00 VT VT Debt outstanding 3,327,135 0.20 2,537,139 789,996 0.85 VT VT Short-term 78,620 1.32 56,000 22,620 4.59 VT Long-term 3,248,515 0.20 2,481,139 767,376 0.86 VT Full faith and credit 986,233 0.63 481,657 504,576 1.24 VT Nonguaranteed 2,262,282 0.16 1,999,482 262,800 1.38 VT VT Long-term debt by purpose VT Public debt for private purposes 1,372,941 0.00 1,372,018 923 0.00 VT Education 531,637 0.00 217,389 314,248 0.00 VT Utilities 229,347 1.69 0 229,347 1.69 VT Other 1,114,590 0.55 891,732 222,858 2.75 VT VT Long-term debt issued 543,763 0.85 465,797 77,966 5.89 VT Long-term debt retired 577,827 0.16 505,229 72,598 1.26 VT VT Cash and security holdings 5,698,400 0.07 5,237,854 460,546 0.82 VT VT Insurance trust funds 2,819,191 0.00 2,722,443 96,748 0.00 VT Unemployment compensation 228,845 0.00 228,845 0 0.00 VT Employee retirement 2,590,346 0.00 2,493,598 96,748 0.00 VT Workers' compensation 0 0.00 0 0 0.00 VT Miscellaneous 0 0.00 0 0 0.00 VT VT Other than insurance trust funds 2,879,209 0.13 2,515,411 363,798 1.04 VT Offsets to debt 1,813,188 0.04 1,799,644 13,544 6.01 VT Bond funds 58,202 0.85 45,883 12,319 4.01 VT Other 1,007,819 0.37 669,884 337,935 1.10