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

                                                      Percent           Per
COLORADO                                     1993 Distribution       capita


Population (thousands)                      3,377           -             -
Total Revenue                          10,027,745       100.0%     2,969.42
  General revenue                       7,840,311        78.2%     2,321.68
    Intergovernmental revenue           2,136,402        21.3%       632.63
    Taxes                               3,788,634        37.8%     1,121.89
      General sales                       998,033        10.0%       295.54
      Selective sales                     584,395         5.8%       173.05
      License taxes                       238,961         2.4%        70.76
      Individual income                 1,764,736        17.6%       522.58
      Corporation net income              137,748         1.4%        40.79
      Other taxes                          64,761         0.6%        19.18
    Current charges                       924,169         9.2%       273.67
    Miscellaneous general revenue         991,106         9.9%       293.49
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,187,434        21.8%       647.74

Total Expenditure                       8,672,886       100.0%     2,568.22
  Intergovernmental expenditure         2,378,157        27.4%       704.22
  Direct expenditure                    6,294,729        72.6%     1,864.00
    Current operation                   4,257,833        49.1%     1,260.83
    Capital outlay                        531,899         6.1%       157.51
    Insurance benefits and repayments   1,197,710        13.8%       354.67
    Assistance and subsidies               62,302         0.7%        18.45
    Interest on debt                      244,985         2.8%        72.55
Exhibit:  Salaries and wages            1,857,853        21.4%       550.15

Total expenditure                       8,672,886       100.0%     2,568.22
  General expenditure                   7,471,882        86.2%     2,212.58
        Intergovernmental expenditure   2,378,157        27.4%       704.22
        Direct expenditure              5,093,725        58.7%     1,508.36
  General expenditure, by function:
      Education                         3,131,906        36.1%       927.42
      Public welfare                    1,845,410        21.3%       546.46
      Hospitals                           179,713         2.1%        53.22
      Health                              220,766         2.5%        65.37
      Highways                            719,213         8.3%       212.97
      Police protection                    43,153         0.5%        12.78
      Correction                          266,446         3.1%        78.90
      Natural resources                   151,814         1.8%        44.96
      Parks and recreation                 27,557         0.3%         8.16
      Governmental administration         286,127         3.3%        84.73
      Interest on general debt            242,981         2.8%        71.95
      Other and unallocable               365,194         4.2%       108.14
  Utility expenditure                       3,294         0.0%         0.98
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,197,710        13.8%       354.67

Debt at end of fiscal year              3,116,813       100.0%       922.95

Cash and Security Holdings             17,441,014       100.0%     5,164.65