STATE GOVERNMENT FINANCES: 1997 Amount Percent Per Mississippi (in thousands) Distribution capita Population (thousands) 2,731 Total Revenue 9,400,400 100.00 3,442.11 General revenue 7,895,021 83.99 2,890.89 Intergovernmental revenue 2,904,204 30.89 1,063.42 Taxes 4,016,549 42.73 1,470.72 General sales 1,916,461 20.39 701.74 Selective sales 748,648 7.96 274.13 License taxes 266,271 2.83 97.50 Individual income tax 791,009 8.41 289.64 Corporate income tax 225,924 2.40 82.73 Other taxes 68,236 0.73 24.99 Current charges 742,604 7.90 271.92 Miscellaneous general revenue 231,664 2.46 84.83 Utility revenue 0 0.00 0.00 Liquor stores revenue 142,333 1.51 52.12 Insurance trust revenue 1,363,046 14.50 499.10 Total expenditure 9,005,740 100.00 3,297.60 Intergovernmental expenditure 2,685,689 29.82 983.41 Direct expenditure 6,320,051 70.18 2,314.19 Current operation 4,236,392 47.04 1,551.22 Capital outlay 925,187 10.27 338.77 Insurance benefits and repayments 877,487 9.74 321.31 Assistance and subsidies 129,454 1.44 47.40 Interest on debt 151,531 1.68 55.49 Exhibit: Salaries and wages 1,294,145 14.37 473.87 Total expenditure 9,005,740 100.00 3,297.60 General expenditure 8,013,965 88.99 2,934.44 Intergovernmental expenditure 2,685,689 29.82 983.41 Direct expenditure 5,328,276 59.17 1,951.03 General expenditure, by function: Education 2,751,842 30.56 1,007.63 Public welfare 1,891,305 21.00 692.53 Hospitals 422,071 4.69 154.55 Health 247,910 2.75 90.78 Highways 775,672 8.61 284.02 Police protection 56,158 0.62 20.56 Correction 212,029 2.35 77.64 Natural resources 162,509 1.80 59.51 Parks and recreation 115,962 1.29 42.46 Governmental administration 265,401 2.95 97.18 Interest on general debt 151,531 1.68 55.49 Other and unallocable 961,575 10.68 352.10 Utility expenditure 0 0.00 0.00 Liquor stores expenditure 114,288 1.27 41.85 Insurance trust expenditure 877,487 9.74 321.31 Debt at end of fiscal year 2,454,627 100.00 898.80 Cash and security holdings 14,574,295 100.00 5,336.61