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

                                                      Percent           Per
MASSACHUSETTS                                1995 Distribution       capita

Population (thousands)                      6,074           -             -
Total Revenue                          24,100,544       100.0%     3,967.82
  General revenue                      21,545,392        89.4%     3,547.15
    Intergovernmental revenue           5,758,080        23.9%       947.99
    Taxes                              11,601,135        48.1%     1,909.97
      General sales                     2,481,300        10.3%       408.51
      Selective sales                   1,255,324         5.2%       206.67
      License taxes                       429,049         1.8%        70.64
      Individual income                 5,974,201        24.8%       983.57
      Corporation net income            1,205,667         5.0%       198.50
      Other taxes                         255,594         1.1%        42.08
    Current charges                     1,621,748         6.7%       267.00
    Miscellaneous general revenue       2,564,429        10.6%       422.20
  Utility revenue                          65,130         0.3%        10.72
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,490,022        10.3%       409.95

Total Expenditure                      24,282,382       100.0%     3,997.76
  Intergovernmental expenditure         4,740,411        19.5%       780.44
  Direct expenditure                   19,541,971        80.5%     3,217.31
    Current operation                  12,197,538        50.2%     2,008.16
    Capital outlay                      2,462,054        10.1%       405.34
    Insurance benefits and repayments   2,315,314         9.5%       381.18
    Assistance and subsidies              979,408         4.0%       161.25
    Interest on debt                    1,587,657         6.5%       261.39
Exhibit:  Salaries and wages            3,048,505        12.6%       501.89

Total expenditure                      24,282,382       100.0%     3,997.76
  General expenditure                  21,870,398        90.1%     3,600.66
        Intergovernmental expenditure   4,740,411        19.5%       780.44
        Direct expenditure             17,129,987        70.5%     2,820.22
  General expenditure, by function:
      Education                         4,101,910        16.9%       675.32
      Public welfare                    6,178,184        25.4%     1,017.15
      Hospitals                           750,997         3.1%       123.64
      Health                            1,257,183         5.2%       206.98
      Highways                          1,703,039         7.0%       280.38
      Police protection                   246,926         1.0%        40.65
      Correction                          660,273         2.7%       108.70
      Natural resources                   182,028         0.7%        29.97
      Parks and recreation                 99,450         0.4%        16.37
      Governmental administration       1,078,732         4.4%       177.60
      Interest on general debt          1,572,622         6.5%       258.91
      Other and unallocable             4,039,087        16.6%       664.98
  Utility expenditure                      96,670         0.4%        15.92
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           2,315,314         9.5%       381.18

Debt at end of fiscal year             27,734,128       100.0%     4,566.04

Cash and Security Holdings             29,474,541       100.0%     4,852.58