STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                     Percent           Per
COLORADO                                     1992 Distribution       capita


Population (thousands)                      3,377           -             -
Total Revenue                           9,077,033       100.0%     2,687.90
  General revenue                       7,014,481        77.3%     2,077.13
    Intergovernmental revenue           1,918,574        21.1%       568.13
    Taxes                               3,531,698        38.9%     1,045.81
      General sales                       913,599        10.1%       270.54
      Selective sales                     570,121         6.3%       168.82
      License taxes                       240,522         2.6%        71.22
      Individual income                 1,611,954        17.8%       477.33
      Corporation net income              123,458         1.4%        36.56
      Other taxes                          72,044         0.8%        21.33
    Current charges                       866,418         9.5%       256.56
    Miscellaneous general revenue         697,791         7.7%       206.63
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,062,552        22.7%       610.76

Total Expenditure                       7,491,923       100.0%     2,218.51
  Intergovernmental expenditure         1,969,365        26.3%       583.17
  Direct expenditure                    5,522,558        73.7%     1,635.34
    Current operation                   3,659,108        48.8%     1,083.54
    Capital outlay                        585,807         7.8%       173.47
    Insurance benefits and repayments     994,681        13.3%       294.55
    Assistance and subsidies               56,857         0.8%        16.84
    Interest on debt                      226,105         3.0%        66.95
Exhibit:  Salaries and wages            1,618,721        21.6%       479.34

Total expenditure                       7,491,923       100.0%     2,218.51
  General expenditure                   6,493,768        86.7%     1,922.94
        Intergovernmental expenditure   1,969,365        26.3%       583.17
        Direct expenditure              4,524,403        60.4%     1,339.77
  General expenditure, by function:
      Education                         2,709,235        36.2%       802.26
      Public welfare                    1,443,831        19.3%       427.55
      Hospitals                           166,544         2.2%        49.32
      Health                              206,028         2.8%        61.01
      Highways                            652,462         8.7%       193.21
      Police protection                    47,853         0.6%        14.17
      Correction                          265,445         3.5%        78.60
      Natural resources                   158,367         2.1%        46.90
      Parks and recreation                 22,343         0.3%         6.62
      Governmental administration         281,792         3.8%        83.44
      Interest on general debt            225,113         3.0%        66.66
      Other and unallocable               321,011         4.3%        95.06
  Utility expenditure                       3,474         0.0%         1.03
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             994,681        13.3%       294.55

Debt at end of fiscal year              2,977,116       100.0%       881.59

Cash and Security Holdings             15,943,360       100.0%     4,721.16