STATE GOVERNMENT FINANCES: 1997 Amount Percent Per New Jersey (in thousands) Distribution capita Population (thousands) 8,053 Total Revenue 36,086,757 100.00 4,481.16 General revenue 26,963,004 74.72 3,348.19 Intergovernmental revenue 6,362,916 17.63 790.13 Taxes 14,414,778 39.94 1,789.99 General sales 4,415,428 12.24 548.30 Selective sales 2,776,954 7.70 344.83 License taxes 742,208 2.06 92.17 Individual income tax 4,825,411 13.37 599.21 Corporate income tax 1,263,979 3.50 156.96 Other taxes 390,798 1.08 48.53 Current charges 2,951,942 8.18 366.56 Miscellaneous general revenue 3,233,368 8.96 401.51 Utility revenue 468,704 1.30 58.20 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 8,655,049 23.98 1,074.76 Total expenditure 29,429,586 100.00 3,654.49 Intergovernmental expenditure 6,382,582 21.69 792.57 Direct expenditure 23,047,004 78.31 2,861.92 Current operation 14,281,256 48.53 1,773.41 Capital outlay 2,283,969 7.76 283.62 Insurance benefits and repayments 4,814,622 16.36 597.87 Assistance and subsidies 281,949 0.96 35.01 Interest on debt 1,385,208 4.71 172.01 Exhibit: Salaries and wages 4,995,846 16.98 620.37 Total expenditure 29,429,586 100.00 3,654.49 General expenditure 23,053,317 78.33 2,862.70 Intergovernmental expenditure 6,382,582 21.69 792.57 Direct expenditure 16,670,735 56.65 2,070.13 General expenditure, by function: Education 7,281,765 24.74 904.23 Public welfare 4,825,740 16.40 599.25 Hospitals 974,484 3.31 121.01 Health 754,228 2.56 93.66 Highways 1,592,629 5.41 197.77 Police protection 236,487 0.80 29.37 Correction 1,002,137 3.41 124.44 Natural resources 244,520 0.83 30.36 Parks and recreation 372,153 1.26 46.21 Governmental administration 965,314 3.28 119.87 Interest on general debt 1,377,170 4.68 171.01 Other and unallocable 3,426,690 11.64 425.52 Utility expenditure 1,561,647 5.31 193.92 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 4,814,622 16.36 597.87 Debt at end of fiscal year 26,590,636 100.00 3,301.95 Cash and security holdings 63,138,073 100.00 7,840.32