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

                                                      Percent           Per
RHODE ISLAND                                 1992 Distribution       capita

Population (thousands)                      1,004           -             -
Total Revenue                           3,783,839       100.0%     3,768.76
  General revenue                       3,024,544        79.9%     3,012.49
    Intergovernmental revenue             988,262        26.1%       984.32
    Taxes                               1,307,111        34.5%     1,301.90
      General sales                       388,987        10.3%       387.44
      Selective sales                     278,182         7.4%       277.07
      License taxes                        73,857         2.0%        73.56
      Individual income                   478,461        12.6%       476.55
      Corporation net income               48,502         1.3%        48.31
      Other taxes                          39,122         1.0%        38.97
    Current charges                       224,652         5.9%       223.76
    Miscellaneous general revenue         504,519        13.3%       502.51
  Utility revenue                           6,658         0.2%         6.63
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 752,637        19.9%       749.64

Total Expenditure                       4,174,717       100.0%     4,158.08
  Intergovernmental expenditure           500,667        12.0%       498.67
  Direct expenditure                    3,674,050        88.0%     3,659.41
    Current operation                   2,261,533        54.2%     2,252.52
    Capital outlay                        352,347         8.4%       350.94
    Insurance benefits and repayments     596,654        14.3%       594.28
    Assistance and subsidies              157,622         3.8%       156.99
    Interest on debt                      305,894         7.3%       304.68
Exhibit:  Salaries and wages              586,047        14.0%       583.71

Total expenditure                       4,174,717       100.0%     4,158.08
  General expenditure                   3,538,067        84.7%     3,523.97
        Intergovernmental expenditure     500,667        12.0%       498.67
        Direct expenditure              3,037,400        72.8%     3,025.30
  General expenditure, by function:
      Education                           813,449        19.5%       810.21
      Public welfare                      771,274        18.5%       768.20
      Hospitals                           104,803         2.5%       104.39
      Health                              146,268         3.5%       145.69
      Highways                            181,412         4.3%       180.69
      Police protection                    23,513         0.6%        23.42
      Correction                          101,022         2.4%       100.62
      Natural resources                    23,285         0.6%        23.19
      Parks and recreation                 79,267         1.9%        78.95
      Governmental administration         149,626         3.6%       149.03
      Interest on general debt            305,880         7.3%       304.66
      Other and unallocable               838,268        20.1%       834.93
  Utility expenditure                      39,996         1.0%        39.84
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             596,654        14.3%       594.28

Debt at end of fiscal year              5,150,733       100.0%     5,130.21

Cash and Security Holdings              6,279,401       100.0%     6,254.38