STATE GOVERNMENT FINANCES 1996 Amount Percent Per Tennessee (in thousands) Distribution capita Population (thousands) 5,320 Total Revenue 14,749,141 100.0 2,772.39 General revenue 12,509,924 84.8 2,351.49 Intergovernmental revenue 4,726,180 32.0 888.38 Taxes 6,184,562 41.9 1,162.51 General sales 3,537,315 24.0 664.91 Selective sales 1,207,066 8.2 226.89 License taxes 609,567 4.1 114.58 Individual income 114,434 .8 21.51 Corporation net income 533,862 3.6 100.35 Other taxes 182,318 1.2 34.27 Current charges 1,133,313 7.7 213.03 Miscellaneous general revenue 465,869 3.2 87.57 Utility revenue 0 .0 .00 Liquor stores revenue 0 .0 .00 Insurance trust revenue 2,239,217 15.2 420.91 Total Expenditure 13,829,307 100.0 2,599.49 Intergovernmental expenditure 3,517,419 25.4 661.17 Direct expenditure 10,311,888 74.6 1,938.32 Current operation 7,512,926 54.3 1,412.20 Capital outlay 1,270,963 9.2 238.90 Insurance benefits and repayments 940,898 6.8 176.86 Assistance and subsidies 394,895 2.9 74.23 Interest on debt 192,206 1.4 36.13 Exhibit: Salaries and wages 2,332,205 16.9 438.38 Total expenditure 13,829,307 100.0 2,599.49 General expenditure 12,884,602 93.2 2,421.92 Intergovernmental expenditure 3,517,419 25.4 661.17 Direct expenditure 9,367,183 67.7 1,760.75 General expenditure, by function: Education 4,383,102 31.7 823.89 Public welfare 3,958,073 28.6 744.00 Hospitals 512,404 3.7 96.32 Health 545,985 3.9 102.63 Highways 1,232,972 8.9 231.76 Police protection 87,332 .6 16.42 Correction 444,528 3.2 83.56 Natural resources 165,741 1.2 31.15 Parks and recreation 82,439 .6 15.50 Governmental administration 361,587 2.6 67.97 Interest on general debt 192,206 1.4 36.13 Other and unallocable 918,233 6.6 172.60 Utility expenditure 3,807 - .72 Liquor stores expenditure 0 .0 .00 Insurance trust expenditure 940,898 6.8 176.86 Debt at end of fiscal year 3,069,027 100.0 576.88 Cash and Security Holdings 18,537,843 100.0 3,484.56