STATE GOVERNMENT FINANCES 1996


                                                 Amount          Percent         Per
Indiana                                  (in thousands)     Distribution      capita

Population (thousands)                            5,841
Total Revenue                                16,549,937            100.0    2,833.41
  General revenue                            15,064,948             91.0    2,579.17
    Intergovernmental revenue                 3,750,143             22.7      642.04
    Taxes                                     8,437,031             51.0    1,444.45
      General sales                           2,867,644             17.3      490.95
      Selective sales                           893,637              5.4      152.99
      License taxes                             201,776              1.2       34.54
      Individual income                       3,477,970             21.0      595.44
      Corporation net income                    894,403              5.4      153.12
      Other taxes                               101,601               .6       17.39
    Current charges                           1,677,805             10.1      287.25
    Miscellaneous general revenue             1,199,969              7.3      205.44
  Utility revenue                                     0               .0         .00
  Liquor stores revenue                               0               .0         .00
  Insurance trust revenue                     1,484,989              9.0      254.24

Total Expenditure                            15,367,687            100.0    2,631.00
  Intergovernmental expenditure               5,091,091             33.1      871.61
  Direct expenditure                         10,276,596             66.9    1,759.39
    Current operation                         7,561,996             49.2    1,294.64
    Capital outlay                            1,277,462              8.3      218.71
    Insurance benefits and repayments           945,556              6.2      161.88
    Assistance and subsidies                    221,001              1.4       37.84
    Interest on debt                            270,581              1.8       46.32
Exhibit: Salaries and wages                   2,362,751             15.4      404.51

Total expenditure                            15,367,687            100.0    2,631.00
  General expenditure                        14,422,131             93.8    2,469.12
    Intergovernmental expenditure             5,091,091             33.1      871.61
    Direct expenditure                        9,331,040             60.7    1,597.51
  General expenditure, by function:
    Education                                 6,141,653             40.0    1,051.47
    Public welfare                            3,155,092             20.5      540.16
    Hospitals                                   206,466              1.3       35.35
    Health                                      401,790              2.6       68.79
    Highways                                  1,532,451             10.0      262.36
    Police protection                           145,747               .9       24.95
    Correction                                  377,538              2.5       64.64
    Natural resources                           159,810              1.0       27.36
    Parks and recreation                         43,223               .3        7.40
    Governmental administration                 343,103              2.2       58.74
    Interest on general debt                    270,581              1.8       46.32
    Other and unallocable                     1,644,677             10.7      281.57
  Utility expenditure                                 0               .0         .00
  Liquor stores expenditure                           0               .0         .00
  Insurance trust expenditure                   945,556              6.2      161.88

  Debt at end of fiscal year                  6,116,873            100.0    1,047.23

  Cash and Security Holdings                 21,812,944            100.0    3,734.45