STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
Colorado                                    (in thousands)     Distribution         capita

Population (thousands)                               3,893                                
Total Revenue                                   12,779,639           100.00       3,282.72
  General revenue                                9,944,905            77.82       2,554.56
    Intergovernmental revenue                    2,595,939            20.31         666.82
    Taxes                                        5,290,131            41.39       1,358.88
      General sales                              1,412,903            11.06         362.93
      Selective sales                              765,797             5.99         196.71
      License taxes                                261,406             2.05          67.15
      Individual income tax                      2,560,337            20.03         657.68
      Corporate income tax                         224,275             1.75          57.61
      Other taxes                                   65,413             0.51          16.80
    Current charges                              1,187,138             9.29         304.94
    Miscellaneous general revenue                  871,697             6.82         223.91
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                        2,834,734            22.18         728.16
                                                                                          
Total expenditure                               10,861,228           100.00       2,789.94
  Intergovernmental expenditure                  3,017,473            27.78         775.10
  Direct expenditure                             7,843,755            72.22       2,014.84
    Current operation                            5,302,956            48.82       1,362.18
    Capital outlay                                 742,649             6.84         190.77
    Insurance benefits and repayments            1,474,681            13.58         378.80
    Assistance and subsidies                        84,129             0.77          21.61
    Interest on debt                               239,340             2.20          61.48
Exhibit: Salaries and wages                      2,083,044            19.18         535.07
                                                                                          
Total expenditure                               10,861,228           100.00       2,789.94
  General expenditure                            9,381,494            86.38       2,409.84
    Intergovernmental expenditure                3,017,473            27.78         775.10
    Direct expenditure                           6,364,021            58.59       1,634.73
  General expenditure, by function:                                                       
    Education                                    4,192,249            38.60       1,076.87
    Public welfare                               2,220,679            20.45         570.43
    Hospitals                                      145,875             1.34          37.47
    Health                                         247,006             2.27          63.45
    Highways                                       809,696             7.45         207.99
    Police protection                               55,270             0.51          14.20
    Correction                                     455,517             4.19         117.01
    Natural resources                              151,918             1.40          39.02
    Parks and recreation                            46,588             0.43          11.97
    Governmental administration                    334,102             3.08          85.82
    Interest on general debt                       235,860             2.17          60.59
    Other and unallocable                          486,734             4.48         125.03
  Utility expenditure                                5,053             0.05           1.30
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                    1,474,681            13.58         378.80
                                                                                          
  Debt at end of fiscal year                     3,402,235           100.00         873.94
                                                                                          
  Cash and security holdings                    23,591,436           100.00       6,059.96