STATE GOVERNMENT FINANCES 1996


                                                 Amount          Percent         Per
Virginia                                 (in thousands)     Distribution      capita

Population (thousands)                            6,675
Total Revenue                                20,072,003            100.0    3,007.04
  General revenue                            16,616,577             82.8    2,489.37
    Intergovernmental revenue                 3,514,798             17.5      526.56
    Taxes                                     8,900,413             44.3    1,333.40
      General sales                           1,995,787              9.9      298.99
      Selective sales                         1,593,189              7.9      238.68
      License taxes                             418,817              2.1       62.74
      Individual income                       4,300,918             21.4      644.33
      Corporation net income                    362,830              1.8       54.36
      Other taxes                               228,872              1.1       34.29
    Current charges                           2,482,595             12.4      371.92
    Miscellaneous general revenue             1,718,771              8.6      257.49
  Utility revenue                                     0               .0         .00
  Liquor stores revenue                         248,956              1.2       37.30
  Insurance trust revenue                     3,206,470             16.0      480.37

Total Expenditure                            17,717,140            100.0    2,654.25
  Intergovernmental expenditure               4,462,682             25.2      668.57
  Direct expenditure                         13,254,458             74.8    1,985.69
    Current operation                         9,033,873             51.0    1,353.39
    Capital outlay                            1,503,000              8.5      225.17
    Insurance benefits and repayments         1,192,244              6.7      178.61
    Assistance and subsidies                    975,421              5.5      146.13
    Interest on debt                            549,920              3.1       82.39
Exhibit: Salaries and wages                   3,667,590             20.7      549.45

Total expenditure                            17,717,140            100.0    2,654.25
  General expenditure                        16,306,733             92.0    2,442.96
    Intergovernmental expenditure             4,462,682             25.2      668.57
    Direct expenditure                       11,844,051             66.9    1,774.39
  General expenditure, by function:
    Education                                 6,430,222             36.3      963.33
    Public welfare                            2,916,450             16.5      436.92
    Hospitals                                 1,090,825              6.2      163.42
    Health                                      522,502              2.9       78.28
    Highways                                  2,010,700             11.3      301.23
    Police protection                           312,921              1.8       46.88
    Correction                                  808,911              4.6      121.19
    Natural resources                           137,836               .8       20.65
    Parks and recreation                         69,229               .4       10.37
    Governmental administration                 679,548              3.8      101.80
    Interest on general debt                    549,920              3.1       82.39
    Other and unallocable                       777,669              4.4      116.50
  Utility expenditure                             4,457                -         .67
  Liquor stores expenditure                     213,706              1.2       32.02
  Insurance trust expenditure                 1,192,244              6.7      178.61

  Debt at end of fiscal year                  8,792,968            100.0    1,317.30

  Cash and Security Holdings                 31,094,474            100.0    4,658.35