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

                                                      Percent           Per
VIRGINIA                                     1993 Distribution       capita

Population (thousands)                      6,286           -             -
Total Revenue                          16,307,099       100.0%     2,594.19
  General revenue                      13,972,671        85.7%     2,222.82
    Intergovernmental revenue           2,883,041        17.7%       458.64
    Taxes                               7,571,798        46.4%     1,204.55
      General sales                     1,665,826        10.2%       265.01
      Selective sales                   1,347,130         8.3%       214.31
      License taxes                       409,892         2.5%        65.21
      Individual income                 3,584,765        22.0%       570.28
      Corporation net income              365,340         2.2%        58.12
      Other taxes                         198,845         1.2%        31.63
    Current charges                     2,155,708        13.2%       342.94
    Miscellaneous general revenue       1,362,124         8.4%       216.69
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   253,497         1.6%        40.33
  Insurance trust revenue               2,080,931        12.8%       331.04

Total Expenditure                      14,721,062       100.0%     2,341.88
  Intergovernmental expenditure         3,749,296        25.5%       596.45
  Direct expenditure                   10,971,766        74.5%     1,745.43
    Current operation                   7,766,297        52.8%     1,235.49
    Capital outlay                      1,026,494         7.0%       163.30
    Insurance benefits and repayments   1,107,921         7.5%       176.25
    Assistance and subsidies              602,055         4.1%        95.78
    Interest on debt                      468,999         3.2%        74.61
Exhibit:  Salaries and wages            3,131,744        21.3%       498.21

Total expenditure                      14,721,062       100.0%     2,341.88
  General expenditure                  13,398,381        91.0%     2,131.46
        Intergovernmental expenditure   3,749,296        25.5%       596.45
        Direct expenditure              9,649,085        65.5%     1,535.01
  General expenditure, by function:
      Education                         5,265,246        35.8%       837.61
      Public welfare                    2,459,713        16.7%       391.30
      Hospitals                           998,622         6.8%       158.86
      Health                              473,415         3.2%        75.31
      Highways                          1,380,737         9.4%       219.65
      Police protection                   265,394         1.8%        42.22
      Correction                          642,137         4.4%       102.15
      Natural resources                   163,660         1.1%        26.04
      Parks and recreation                 44,223         0.3%         7.04
      Governmental administration         577,900         3.9%        91.93
      Interest on general debt            468,999         3.2%        74.61
      Other and unallocable               669,452         4.5%       106.50
  Utility expenditure                       1,539         0.0%         0.24
  Liquor stores expenditure               213,221         1.4%        33.92
  Insurance trust expenditure           1,107,921         7.5%       176.25

Debt at end of fiscal year              7,438,406       100.0%     1,183.33

Cash and Security Holdings             24,435,584       100.0%     3,887.30