STATE GOVERNMENT FINANCES (Amounts are in thousands. Per capita in dollars.) Percent Per TENNESSEE 1994 Distribution capita Population (thousands) 5,175 - - Total Revenue 12,725,018 100.0% 2,458.94 General revenue 10,939,645 86.0% 2,113.94 Intergovernmental revenue 3,717,569 29.2% 718.37 Taxes 5,733,262 45.1% 1,107.88 General sales 3,081,250 24.2% 595.41 Selective sales 1,420,374 11.2% 274.47 License taxes 562,847 4.4% 108.76 Individual income 99,108 0.8% 19.15 Corporation net income 421,960 3.3% 81.54 Other taxes 147,723 1.2% 28.55 Current charges 1,033,233 8.1% 199.66 Miscellaneous general revenue 455,581 3.6% 88.03 Utility revenue 0 0.0% 0.00 Liquor stores revenue 0 0.0% 0.00 Insurance trust revenue 1,785,373 14.0% 345.00 Total Expenditure 11,940,244 100.0% 2,307.29 Intergovernmental expenditure 2,998,831 25.1% 579.48 Direct expenditure 8,941,413 74.9% 1,727.81 Current operation 6,551,529 54.9% 1,266.00 Capital outlay 1,078,046 9.0% 208.32 Insurance benefits and repayments 741,544 6.2% 143.29 Assistance and subsidies 385,146 3.2% 74.42 Interest on debt 185,148 1.6% 35.78 Exhibit: Salaries and wages 2,067,260 17.3% 399.47 Total expenditure 11,940,244 100.0% 2,307.29 General expenditure 11,195,029 93.8% 2,163.29 Intergovernmental expenditure 2,998,831 25.1% 579.48 Direct expenditure 8,196,198 68.6% 1,583.81 General expenditure, by function: Education 3,890,747 32.6% 751.84 Public welfare 3,279,239 27.5% 633.67 Hospitals 465,331 3.9% 89.92 Health 466,221 3.9% 90.09 Highways 1,097,471 9.2% 212.07 Police protection 78,292 0.7% 15.13 Correction 396,447 3.3% 76.61 Natural resources 156,242 1.3% 30.19 Parks and recreation 73,781 0.6% 14.26 Governmental administration 298,559 2.5% 57.69 Interest on general debt 185,148 1.6% 35.78 Other and unallocable 807,551 6.8% 156.05 Utility expenditure 3,671 0.0% 0.71 Liquor stores expenditure 0 0.0% 0.00 Insurance trust expenditure 741,544 6.2% 143.29 Debt at end of fiscal year 2,627,396 100.0% 507.71 Cash and Security Holdings 12,543,796 100.0% 2,423.92