STATE GOVERNMENT FINANCES 1996 Amount Percent Per New Mexico (in thousands) Distribution capita Population (thousands) 1,713 Total Revenue 8,129,383 100.0 4,745.70 General revenue 6,318,208 77.7 3,688.39 Intergovernmental revenue 1,793,798 22.1 1,047.17 Taxes 3,060,637 37.6 1,786.71 General sales 1,283,843 15.8 749.47 Selective sales 451,917 5.6 263.82 License taxes 164,818 2.0 96.22 Individual income 642,800 7.9 375.25 Corporation net income 163,402 2.0 95.39 Other taxes 353,857 4.4 206.57 Current charges 599,195 7.4 349.79 Miscellaneous general revenue 864,578 10.6 504.72 Utility revenue 0 .0 .00 Liquor stores revenue 0 .0 .00 Insurance trust revenue 1,811,175 22.3 1,057.31 Total Expenditure 6,740,498 100.0 3,934.91 Intergovernmental expenditure 2,055,309 30.5 1,199.83 Direct expenditure 4,685,189 69.5 2,735.08 Current operation 3,520,097 52.2 2,054.93 Capital outlay 330,113 4.9 192.71 Insurance benefits and repayments 518,827 7.7 302.88 Assistance and subsidies 206,265 3.1 120.41 Interest on debt 109,887 1.6 64.15 Exhibit: Salaries and wages 1,236,087 18.3 721.59 Total expenditure 6,740,498 100.0 3,934.91 General expenditure 6,221,671 92.3 3,632.03 Intergovernmental expenditure 2,055,309 30.5 1,199.83 Direct expenditure 4,166,362 61.8 2,432.20 General expenditure, by function: Education 2,457,274 36.5 1,434.49 Public welfare 1,118,490 16.6 652.94 Hospitals 308,578 4.6 180.14 Health 268,229 4.0 156.58 Highways 651,328 9.7 380.23 Police protection 56,490 .8 32.98 Correction 174,737 2.6 102.01 Natural resources 89,048 1.3 51.98 Parks and recreation 31,279 .5 18.26 Governmental administration 223,616 3.3 130.54 Interest on general debt 109,887 1.6 64.15 Other and unallocable 732,715 10.9 427.74 Utility expenditure 0 .0 .00 Liquor stores expenditure 0 .0 .00 Insurance trust expenditure 518,827 7.7 302.88 Debt at end of fiscal year 2,146,696 100.0 1,253.18 Cash and Security Holdings 16,901,219 100.0 9,866.44