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

                                                      Percent           Per
VIRGINIA                                     1995 Distribution       capita

Population (thousands)                      6,618           -             -
Total Revenue                          18,992,594       100.0%     2,869.84
  General revenue                      16,250,572        85.6%     2,455.51
    Intergovernmental revenue           3,474,279        18.3%       524.97
    Taxes                               8,783,939        46.2%     1,327.28
      General sales                     1,920,623        10.1%       290.21
      Selective sales                   1,524,568         8.0%       230.37
      License taxes                       429,699         2.3%        64.93
      Individual income                 4,315,545        22.7%       652.09
      Corporation net income              367,832         1.9%        55.58
      Other taxes                         225,672         1.2%        34.10
    Current charges                     2,387,461        12.6%       360.75
    Miscellaneous general revenue       1,604,893         8.5%       242.50
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   247,919         1.3%        37.46
  Insurance trust revenue               2,494,103        13.1%       376.87

Total Expenditure                      17,040,384       100.0%     2,574.85
  Intergovernmental expenditure         4,296,733        25.2%       649.25
  Direct expenditure                   12,743,651        74.8%     1,925.60
    Current operation                   8,912,797        52.3%     1,346.75
    Capital outlay                      1,449,166         8.5%       218.97
    Insurance benefits and repayments   1,165,928         6.8%       176.18
    Assistance and subsidies              705,130         4.1%       106.55
    Interest on debt                      510,630         3.0%        77.16
Exhibit:  Salaries and wages            3,526,187        20.7%       532.82

Total expenditure                      17,040,384       100.0%     2,574.85
  General expenditure                  15,663,812        91.9%     2,366.85
        Intergovernmental expenditure   4,296,733        25.2%       649.25
        Direct expenditure             11,367,079        66.7%     1,717.60
  General expenditure, by function:
      Education                         5,979,289        35.1%       903.49
      Public welfare                    2,804,336        16.5%       423.74
      Hospitals                         1,041,917         6.1%       157.44
      Health                              544,456         3.2%        82.27
      Highways                          1,983,212        11.6%       299.67
      Police protection                   289,108         1.7%        43.69
      Correction                          778,486         4.6%       117.63
      Natural resources                   137,945         0.8%        20.84
      Parks and recreation                 64,546         0.4%         9.75
      Governmental administration         736,262         4.3%       111.25
      Interest on general debt            510,630         3.0%        77.16
      Other and unallocable               806,668         4.7%       121.89
  Utility expenditure                       3,703         0.0%         0.56
  Liquor stores expenditure               206,941         1.2%        31.27
  Insurance trust expenditure           1,165,928         6.8%       176.18

Debt at end of fiscal year              8,716,051       100.0%     1,317.02

Cash and Security Holdings             28,745,099       100.0%     4,343.47