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

                                                      Percent           Per
NEW YORK                                     1994 Distribution       capita

Population (thousands)                     18,169           -             -
Total Revenue                          82,201,503       100.0%     4,524.27
  General revenue                      66,587,242        81.0%     3,664.88
    Intergovernmental revenue          25,725,554        31.3%     1,415.90
    Taxes                              32,816,619        39.9%     1,806.19
      General sales                     6,364,937         7.7%       350.32
      Selective sales                   5,230,877         6.4%       287.90
      License taxes                       940,811         1.1%        51.78
      Individual income                16,033,524        19.5%       882.47
      Corporation net income            3,120,034         3.8%       171.72
      Other taxes                       1,126,436         1.4%        62.00
    Current charges                     3,519,534         4.3%       193.71
    Miscellaneous general revenue       4,525,535         5.5%       249.08
  Utility revenue                       2,095,344         2.5%       115.33
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue              13,518,917        16.4%       744.07

Total Expenditure                      76,871,574       100.0%     4,230.92
  Intergovernmental expenditure        24,641,493        32.1%     1,356.24
  Direct expenditure                   52,230,081        67.9%     2,874.68
    Current operation                  34,617,221        45.0%     1,905.29
    Capital outlay                      5,124,042         6.7%       282.02
    Insurance benefits and repayments   7,922,771        10.3%       436.06
    Assistance and subsidies              862,409         1.1%        47.47
    Interest on debt                    3,703,638         4.8%       203.84
Exhibit:  Salaries and wages            9,888,134        12.9%       544.23

Total expenditure                      76,871,574       100.0%     4,230.92
  General expenditure                  64,802,431        84.3%     3,566.65
        Intergovernmental expenditure  24,641,493        32.1%     1,356.24
        Direct expenditure             40,160,938        52.2%     2,210.41
  General expenditure, by function:
      Education                        17,270,575        22.5%       950.55
      Public welfare                   24,008,547        31.2%     1,321.40
      Hospitals                         3,614,675         4.7%       198.95
      Health                            2,231,831         2.9%       122.84
      Highways                          2,693,551         3.5%       148.25
      Police protection                   336,293         0.4%        18.51
      Correction                        2,060,013         2.7%       113.38
      Natural resources                   370,434         0.5%        20.39
      Parks and recreation                284,417         0.4%        15.65
      Governmental administration       2,615,540         3.4%       143.96
      Interest on general debt          3,268,554         4.3%       179.90
      Other and unallocable             6,048,001         7.9%       332.87
  Utility expenditure                   4,146,372         5.4%       228.21
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           7,922,771        10.3%       436.06

Debt at end of fiscal year             65,077,504       100.0%     3,581.79

Cash and Security Holdings            124,653,985       100.0%     6,860.81