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

                                                      Percent           Per
VIRGINIA                                     1992 Distribution       capita

Population (thousands)                      6,286           -             -
Total Revenue                          15,291,517       100.0%     2,432.63
  General revenue                      13,086,581        85.6%     2,081.86
    Intergovernmental revenue           2,725,900        17.8%       433.65
    Taxes                               7,025,345        45.9%     1,117.62
      General sales                     1,570,789        10.3%       249.89
      Selective sales                   1,286,863         8.4%       204.72
      License taxes                       390,242         2.6%        62.08
      Individual income                 3,321,243        21.7%       528.36
      Corporation net income              273,258         1.8%        43.47
      Other taxes                         182,950         1.2%        29.10
    Current charges                     2,010,012        13.1%       319.76
    Miscellaneous general revenue       1,325,324         8.7%       210.84
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   258,211         1.7%        41.08
  Insurance trust revenue               1,946,725        12.7%       309.69

Total Expenditure                      13,920,647       100.0%     2,214.55
  Intergovernmental expenditure         3,489,912        25.1%       555.19
  Direct expenditure                   10,430,735        74.9%     1,659.36
    Current operation                   7,268,259        52.2%     1,156.26
    Capital outlay                      1,113,277         8.0%       177.10
    Insurance benefits and repayments   1,014,322         7.3%       161.36
    Assistance and subsidies              556,378         4.0%        88.51
    Interest on debt                      478,499         3.4%        76.12
Exhibit:  Salaries and wages            3,032,098        21.8%       482.36

Total expenditure                      13,920,647       100.0%     2,214.55
  General expenditure                  12,694,076        91.2%     2,019.42
        Intergovernmental expenditure   3,489,912        25.1%       555.19
        Direct expenditure              9,204,164        66.1%     1,464.23
  General expenditure, by function:
      Education                         4,930,767        35.4%       784.40
      Public welfare                    2,105,413        15.1%       334.94
      Hospitals                           959,503         6.9%       152.64
      Health                              464,732         3.3%        73.93
      Highways                          1,521,447        10.9%       242.04
      Police protection                   258,671         1.9%        41.15
      Correction                          579,591         4.2%        92.20
      Natural resources                   163,418         1.2%        26.00
      Parks and recreation                 44,748         0.3%         7.12
      Governmental administration         544,265         3.9%        86.58
      Interest on general debt            478,499         3.4%        76.12
      Other and unallocable               654,289         4.7%       104.09
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure               212,249         1.5%        33.77
  Insurance trust expenditure           1,014,322         7.3%       161.36

Debt at end of fiscal year              7,402,641       100.0%     1,177.64

Cash and Security Holdings             22,446,173       100.0%     3,570.82