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

                                                      Percent           Per
IOWA                                         1995 Distribution       capita

Population (thousands)                      2,842           -             -
Total Revenue                           9,268,151       100.0%     3,261.14
  General revenue                       8,087,497        87.3%     2,845.71
    Intergovernmental revenue           2,188,545        23.6%       770.07
    Taxes                               4,403,428        47.5%     1,549.41
      General sales                     1,462,892        15.8%       514.74
      Selective sales                     603,587         6.5%       212.38
      License taxes                       402,385         4.3%       141.59
      Individual income                 1,617,498        17.5%       569.14
      Corporation net income              220,675         2.4%        77.65
      Other taxes                          96,391         1.0%        33.92
    Current charges                       967,475        10.4%       340.42
    Miscellaneous general revenue         528,049         5.7%       185.80
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                    83,570         0.9%        29.41
  Insurance trust revenue               1,097,084        11.8%       386.03

Total Expenditure                       8,585,952       100.0%     3,021.10
  Intergovernmental expenditure         2,586,535        30.1%       910.11
  Direct expenditure                    5,999,417        69.9%     2,110.98
    Current operation                   4,291,153        50.0%     1,509.91
    Capital outlay                        696,800         8.1%       245.18
    Insurance benefits and repayments     612,302         7.1%       215.45
    Assistance and subsidies              282,800         3.3%        99.51
    Interest on debt                      116,362         1.4%        40.94
Exhibit:  Salaries and wages            1,684,189        19.6%       592.61

Total expenditure                       8,585,952       100.0%     3,021.10
  General expenditure                   7,915,760        92.2%     2,785.28
        Intergovernmental expenditure   2,586,535        30.1%       910.11
        Direct expenditure              5,329,225        62.1%     1,875.17
  General expenditure, by function:
      Education                         3,167,192        36.9%     1,114.42
      Public welfare                    1,650,154        19.2%       580.63
      Hospitals                           524,657         6.1%       184.61
      Health                              188,800         2.2%        66.43
      Highways                            978,631        11.4%       344.35
      Police protection                    53,816         0.6%        18.94
      Correction                          176,666         2.1%        62.16
      Natural resources                   203,124         2.4%        71.47
      Parks and recreation                 19,232         0.2%         6.77
      Governmental administration         287,919         3.4%       101.31
      Interest on general debt            116,362         1.4%        40.94
      Other and unallocable               549,207         6.4%       193.25
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                57,890         0.7%        20.37
  Insurance trust expenditure             612,302         7.1%       215.45

Debt at end of fiscal year              2,110,974       100.0%       742.78

Cash and Security Holdings             11,582,094       100.0%     4,075.33