STATE GOVERNMENT FINANCES 1996 Amount Percent Per North Carolina (in thousands) Distribution capita Population (thousands) 7,323 Total Revenue 23,387,492 100.0 3,193.70 General revenue 20,047,157 85.7 2,737.56 Intergovernmental revenue 5,758,009 24.6 786.29 Taxes 11,882,318 50.8 1,622.60 General sales 2,970,566 12.7 405.65 Selective sales 2,173,293 9.3 296.78 License taxes 732,907 3.1 100.08 Individual income 4,929,008 21.1 673.09 Corporation net income 939,278 4.0 128.26 Other taxes 137,266 .6 18.74 Current charges 1,525,002 6.5 208.25 Miscellaneous general revenue 881,828 3.8 120.42 Utility revenue 0 .0 .00 Liquor stores revenue 0 .0 .00 Insurance trust revenue 3,340,335 14.3 456.14 Total Expenditure 21,220,754 100.0 2,897.82 Intergovernmental expenditure 6,653,195 31.4 908.53 Direct expenditure 14,567,559 68.6 1,989.29 Current operation 10,044,152 47.3 1,371.59 Capital outlay 1,863,013 8.8 254.41 Insurance benefits and repayments 1,810,333 8.5 247.21 Assistance and subsidies 598,933 2.8 81.79 Interest on debt 251,128 1.2 34.29 Exhibit: Salaries and wages 3,267,121 15.4 446.15 Total expenditure 21,220,754 100.0 2,897.82 General expenditure 19,410,421 91.5 2,650.61 Intergovernmental expenditure 6,653,195 31.4 908.53 Direct expenditure 12,757,226 60.1 1,742.08 General expenditure, by function: Education 8,050,726 37.9 1,099.38 Public welfare 4,419,392 20.8 603.49 Hospitals 748,896 3.5 102.27 Health 827,710 3.9 113.03 Highways 1,732,824 8.2 236.63 Police protection 194,927 .9 26.62 Correction 873,232 4.1 119.25 Natural resources 402,566 1.9 54.97 Parks and recreation 87,312 .4 11.92 Governmental administration 603,503 2.8 82.41 Interest on general debt 251,128 1.2 34.29 Other and unallocable 1,218,205 5.7 166.35 Utility expenditure 0 .0 .00 Liquor stores expenditure 0 .0 .00 Insurance trust expenditure 1,810,333 8.5 247.21 Debt at end of fiscal year 4,513,348 100.0 616.33 Cash and Security Holdings 38,110,281 100.0 5,204.19