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

                                                      Percent           Per
IOWA                                         1994 Distribution       capita

Population (thousands)                      2,829           -             -
Total Revenue                           8,960,747       100.0%     3,167.46
  General revenue                       7,619,377        85.0%     2,693.31
    Intergovernmental revenue           2,038,830        22.8%       720.69
    Taxes                               4,130,450        46.1%     1,460.04
      General sales                     1,388,742        15.5%       490.90
      Selective sales                     576,356         6.4%       203.73
      License taxes                       385,897         4.3%       136.41
      Individual income                 1,509,125        16.8%       533.45
      Corporation net income              174,285         1.9%        61.61
      Other taxes                          96,045         1.1%        33.95
    Current charges                       917,614        10.2%       324.36
    Miscellaneous general revenue         532,483         5.9%       188.22
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                    83,861         0.9%        29.64
  Insurance trust revenue               1,257,509        14.0%       444.51

Total Expenditure                       8,101,063       100.0%     2,863.58
  Intergovernmental expenditure         2,461,697        30.4%       870.17
  Direct expenditure                    5,639,366        69.6%     1,993.41
    Current operation                   4,042,168        49.9%     1,428.83
    Capital outlay                        678,442         8.4%       239.82
    Insurance benefits and repayments     503,737         6.2%       178.06
    Assistance and subsidies              286,869         3.5%       101.40
    Interest on debt                      128,150         1.6%        45.30
Exhibit:  Salaries and wages            1,873,808        23.1%       662.36

Total expenditure                       8,101,063       100.0%     2,863.58
  General expenditure                   7,539,444        93.1%     2,665.06
        Intergovernmental expenditure   2,461,697        30.4%       870.17
        Direct expenditure              5,077,747        62.7%     1,794.89
  General expenditure, by function:
      Education                         3,028,246        37.4%     1,070.43
      Public welfare                    1,532,381        18.9%       541.67
      Hospitals                           492,096         6.1%       173.95
      Health                              165,327         2.0%        58.44
      Highways                            912,849        11.3%       322.68
      Police protection                    51,218         0.6%        18.10
      Correction                          163,190         2.0%        57.68
      Natural resources                   197,165         2.4%        69.69
      Parks and recreation                 16,523         0.2%         5.84
      Governmental administration         260,001         3.2%        91.91
      Interest on general debt            128,150         1.6%        45.30
      Other and unallocable               592,298         7.3%       209.37
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                57,882         0.7%        20.46
  Insurance trust expenditure             503,737         6.2%       178.06

Debt at end of fiscal year              1,990,295       100.0%       703.53

Cash and Security Holdings             10,742,635       100.0%     3,797.33