STATE GOVERNMENT FINANCES 1996 Amount Percent Per New Jersey (in thousands) Distribution capita Population (thousands) 7,988 Total Revenue 35,857,209 100.0 4,488.88 General revenue 26,614,948 74.2 3,331.87 Intergovernmental revenue 6,663,301 18.6 834.16 Taxes 14,384,897 40.1 1,800.81 General sales 4,318,373 12.0 540.61 Selective sales 3,045,373 8.5 381.24 License taxes 752,861 2.1 94.25 Individual income 4,733,786 13.2 592.61 Corporation net income 1,155,270 3.2 144.63 Other taxes 379,234 1.1 47.48 Current charges 2,528,731 7.1 316.57 Miscellaneous general revenue 3,038,019 8.5 380.32 Utility revenue 446,687 1.2 55.92 Liquor stores revenue 0 .0 .00 Insurance trust revenue 8,795,574 24.5 1,101.10 Total Expenditure 32,314,887 100.0 4,045.43 Intergovernmental expenditure 7,771,309 24.0 972.87 Direct expenditure 24,543,578 76.0 3,072.56 Current operation 15,700,489 48.6 1,965.51 Capital outlay 2,242,394 6.9 280.72 Insurance benefits and repayments 4,857,439 15.0 608.09 Assistance and subsidies 406,367 1.3 50.87 Interest on debt 1,336,889 4.1 167.36 Exhibit: Salaries and wages 4,716,106 14.6 590.40 Total expenditure 32,314,887 100.0 4,045.43 General expenditure 26,035,016 80.6 3,259.27 Intergovernmental expenditure 7,771,309 24.0 972.87 Direct expenditure 18,263,707 56.5 2,286.39 General expenditure, by function: Education 7,749,529 24.0 970.15 Public welfare 6,744,113 20.9 844.28 Hospitals 993,930 3.1 124.43 Health 593,636 1.8 74.32 Highways 1,811,523 5.6 226.78 Police protection 258,512 .8 32.36 Correction 874,753 2.7 109.51 Natural resources 162,647 .5 20.36 Parks and recreation 381,645 1.2 47.78 Governmental administration 941,950 2.9 117.92 Interest on general debt 1,328,706 4.1 166.34 Other and unallocable 4,194,072 13.0 525.05 Utility expenditure 1,422,432 4.4 178.07 Liquor stores expenditure 0 .0 .00 Insurance trust expenditure 4,857,439 15.0 608.09 Debt at end of fiscal year 25,601,576 100.0 3,205.00 Cash and Security Holdings 56,754,200 100.0 7,104.93