STATE GOVERNMENT FINANCES 1996


                                                 Amount          Percent         Per
Rhode Island                             (in thousands)     Distribution      capita

Population (thousands)                              990
Total Revenue                                 4,270,615            100.0    4,313.75
  General revenue                             3,345,536             78.3    3,379.33
    Intergovernmental revenue                 1,110,389             26.0    1,121.61
    Taxes                                     1,549,195             36.3    1,564.84
      General sales                             465,133             10.9      469.83
      Selective sales                           313,056              7.3      316.22
      License taxes                              80,448              1.9       81.26
      Individual income                         580,628             13.6      586.49
      Corporation net income                     86,973              2.0       87.85
      Other taxes                                22,957               .5       23.19
    Current charges                             253,238              5.9      255.80
    Miscellaneous general revenue               432,714             10.1      437.08
  Utility revenue                                 8,358               .2        8.44
  Liquor stores revenue                               0               .0         .00
  Insurance trust revenue                       916,721             21.5      925.98

Total Expenditure                             4,061,406            100.0    4,102.43
  Intergovernmental expenditure                 505,323             12.4      510.43
  Direct expenditure                          3,556,083             87.6    3,592.00
    Current operation                         2,155,142             53.1    2,176.91
    Capital outlay                              317,883              7.8      321.09
    Insurance benefits and repayments           623,998             15.4      630.30
    Assistance and subsidies                    163,830              4.0      165.48
    Interest on debt                            295,230              7.3      298.21
Exhibit: Salaries and wages                     703,099             17.3      710.20

Total expenditure                             4,061,406            100.0    4,102.43
  General expenditure                         3,400,206             83.7    3,434.55
    Intergovernmental expenditure               505,323             12.4      510.43
    Direct expenditure                        2,894,883             71.3    2,924.12
  General expenditure, by function:
    Education                                   885,633             21.8      894.58
    Public welfare                              881,807             21.7      890.71
    Hospitals                                    89,839              2.2       90.75
    Health                                      241,935              6.0      244.38
    Highways                                    210,095              5.2      212.22
    Police protection                            29,724               .7       30.02
    Correction                                  116,224              2.9      117.40
    Natural resources                            28,056               .7       28.34
    Parks and recreation                         29,968               .7       30.27
    Governmental administration                 198,358              4.9      200.36
    Interest on general debt                    295,068              7.3      298.05
    Other and unallocable                       393,499              9.7      397.47
  Utility expenditure                            37,202               .9       37.58
  Liquor stores expenditure                           0               .0         .00
  Insurance trust expenditure                   623,998             15.4      630.30

  Debt at end of fiscal year                  5,505,683            100.0    5,561.30

  Cash and Security Holdings                  7,600,422            100.0    7,677.19