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

                                                      Percent           Per
MONTANA                                      1994 Distribution       capita

Population (thousands)                        856           -             -
Total Revenue                           3,166,149       100.0%     3,698.77
  General revenue                       2,518,229        79.5%     2,941.86
    Intergovernmental revenue             839,586        26.5%       980.82
    Taxes                               1,160,867        36.7%     1,356.15
      General sales                             0         0.0%         0.00
      Selective sales                     242,219         7.7%       282.97
      License taxes                       132,624         4.2%       154.93
      Individual income                   345,644        10.9%       403.79
      Corporation net income               68,872         2.2%        80.46
      Other taxes                         371,508        11.7%       434.00
    Current charges                       199,594         6.3%       233.17
    Miscellaneous general revenue         318,182        10.0%       371.71
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                    37,217         1.2%        43.48
  Insurance trust revenue                 610,703        19.3%       713.44

Total Expenditure                       2,777,675       100.0%     3,244.95
  Intergovernmental expenditure           675,772        24.3%       789.45
  Direct expenditure                    2,101,903        75.7%     2,455.49
    Current operation                   1,298,898        46.8%     1,517.40
    Capital outlay                        279,055        10.0%       326.00
    Insurance benefits and repayments     350,885        12.6%       409.91
    Assistance and subsidies               72,219         2.6%        84.37
    Interest on debt                      100,846         3.6%       117.81
Exhibit:  Salaries and wages              452,796        16.3%       528.97

Total expenditure                       2,777,675       100.0%     3,244.95
  General expenditure                   2,393,009        86.2%     2,795.57
        Intergovernmental expenditure     675,772        24.3%       789.45
        Direct expenditure              1,717,237        61.8%     2,006.12
  General expenditure, by function:
      Education                           895,905        32.3%     1,046.62
      Public welfare                      438,128        15.8%       511.83
      Hospitals                            30,469         1.1%        35.59
      Health                              108,807         3.9%       127.11
      Highways                            301,859        10.9%       352.64
      Police protection                    26,548         1.0%        31.01
      Correction                           40,586         1.5%        47.41
      Natural resources                    93,639         3.4%       109.39
      Parks and recreation                 22,980         0.8%        26.85
      Governmental administration         128,273         4.6%       149.85
      Interest on general debt            100,846         3.6%       117.81
      Other and unallocable               226,556         8.2%       264.67
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                33,781         1.2%        39.46
  Insurance trust expenditure             350,885        12.6%       409.91

Debt at end of fiscal year              2,107,542       100.0%     2,462.08

Cash and Security Holdings              6,359,279       100.0%     7,429.06