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

                                                      Percent           Per
TEXAS                                        1994 Distribution       capita

Population (thousands)                     18,378           -             -
Total Revenue                          45,034,889       100.0%     2,450.48
  General revenue                      38,030,908        84.4%     2,069.37
    Intergovernmental revenue          11,737,018        26.1%       638.65
    Taxes                              19,465,331        43.2%     1,059.16
      General sales                     9,926,287        22.0%       540.12
      Selective sales                   5,941,325        13.2%       323.28
      License taxes                     2,526,066         5.6%       137.45
      Individual income                         0         0.0%         0.00
      Corporation net income                    0         0.0%         0.00
      Other taxes                       1,071,653         2.4%        58.31
    Current charges                     2,982,643         6.6%       162.29
    Miscellaneous general revenue       3,845,916         8.5%       209.27
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               7,003,981        15.6%       381.11

Total Expenditure                      40,966,651       100.0%     2,229.11
  Intergovernmental expenditure        11,091,281        27.1%       603.51
  Direct expenditure                   29,875,370        72.9%     1,625.61
    Current operation                  20,975,602        51.2%     1,141.34
    Capital outlay                      3,288,347         8.0%       178.93
    Insurance benefits and repayments   3,642,779         8.9%       198.21
    Assistance and subsidies            1,436,344         3.5%        78.16
    Interest on debt                      532,298         1.3%        28.96
Exhibit:  Salaries and wages            5,835,237        14.2%       317.51

Total expenditure                      40,966,651       100.0%     2,229.11
  General expenditure                  37,323,872        91.1%     2,030.90
        Intergovernmental expenditure  11,091,281        27.1%       603.51
        Direct expenditure             26,232,591        64.0%     1,427.39
  General expenditure, by function:
      Education                        15,505,486        37.8%       843.70
      Public welfare                    9,473,754        23.1%       515.49
      Hospitals                         1,721,518         4.2%        93.67
      Health                            1,182,271         2.9%        64.33
      Highways                          2,921,372         7.1%       158.96
      Police protection                   231,667         0.6%        12.61
      Correction                        2,242,749         5.5%       122.03
      Natural resources                   558,884         1.4%        30.41
      Parks and recreation                 56,680         0.1%         3.08
      Governmental administration       1,083,701         2.6%        58.97
      Interest on general debt            532,298         1.3%        28.96
      Other and unallocable             1,813,492         4.4%        98.68
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           3,642,779         8.9%       198.21

Debt at end of fiscal year              9,377,851       100.0%       510.28

Cash and Security Holdings             70,084,057       100.0%     3,813.48