STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
Alabama                                     (in thousands)     Distribution         capita

Population (thousands)                               4,319                                
Total Revenue                                   14,007,883           100.00       3,243.32
  General revenue                               11,487,011            82.00       2,659.65
    Intergovernmental revenue                    3,553,541            25.37         822.77
    Taxes                                        5,484,161            39.15       1,269.78
      General sales                              1,505,713            10.75         348.63
      Selective sales                            1,360,764             9.71         315.06
      License taxes                                424,165             3.03          98.21
      Individual income tax                      1,687,599            12.05         390.74
      Corporate income tax                         226,616             1.62          52.47
      Other taxes                                  279,304             1.99          64.67
    Current charges                              1,779,578            12.70         412.03
    Miscellaneous general revenue                  669,731             4.78         155.07
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                            139,176             0.99          32.22
  Insurance trust revenue                        2,381,696            17.00         551.45
                                                                                          
Total expenditure                               12,944,867           100.00       2,997.19
  Intergovernmental expenditure                  3,292,491            25.43         762.33
  Direct expenditure                             9,652,376            74.57       2,234.86
    Current operation                            7,241,270            55.94       1,676.61
    Capital outlay                                 770,809             5.95         178.47
    Insurance benefits and repayments            1,134,137             8.76         262.59
    Assistance and subsidies                       282,494             2.18          65.41
    Interest on debt                               223,666             1.73          51.79
Exhibit: Salaries and wages                      2,468,794            19.07         571.61
                                                                                          
Total expenditure                               12,944,867           100.00       2,997.19
  General expenditure                           11,668,841            90.14       2,701.75
    Intergovernmental expenditure                3,292,491            25.43         762.33
    Direct expenditure                           8,376,350            64.71       1,939.42
  General expenditure, by function:                                                       
    Education                                    5,175,279            39.98       1,198.26
    Public welfare                               2,537,627            19.60         587.55
    Hospitals                                      882,613             6.82         204.36
    Health                                         566,651             4.38         131.20
    Highways                                       837,255             6.47         193.85
    Police protection                               93,163             0.72          21.57
    Correction                                     233,870             1.81          54.15
    Natural resources                              175,948             1.36          40.74
    Parks and recreation                            16,320             0.13           3.78
    Governmental administration                    300,684             2.32          69.62
    Interest on general debt                       223,666             1.73          51.79
    Other and unallocable                          625,765             4.83         144.89
  Utility expenditure                                    0             0.00           0.00
  Liquor stores expenditure                        141,889             1.10          32.85
  Insurance trust expenditure                    1,134,137             8.76         262.59
                                                                                          
  Debt at end of fiscal year                     3,780,493           100.00         875.32
                                                                                          
  Cash and security holdings                    21,639,230           100.00       5,010.24