STATE GOVERNMENT FINANCES: 1997 Amount Percent Per New Mexico (in thousands) Distribution capita Population (thousands) 1,730 Total Revenue 8,188,172 100.00 4,733.05 General revenue 6,963,118 85.04 4,024.92 Intergovernmental revenue 1,973,080 24.10 1,140.51 Taxes 3,322,410 40.58 1,920.47 General sales 1,345,759 16.44 777.90 Selective sales 460,757 5.63 266.33 License taxes 133,707 1.63 77.29 Individual income tax 747,813 9.13 432.26 Corporate income tax 173,205 2.12 100.12 Other taxes 461,169 5.63 266.57 Current charges 622,336 7.60 359.73 Miscellaneous general revenue 1,045,292 12.77 604.22 Utility revenue 0 0.00 0.00 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 1,225,054 14.96 708.12 Total expenditure 7,058,693 100.00 4,080.17 Intergovernmental expenditure 2,075,053 29.40 1,199.45 Direct expenditure 4,983,640 70.60 2,880.72 Current operation 3,754,132 53.18 2,170.02 Capital outlay 336,186 4.76 194.33 Insurance benefits and repayments 572,282 8.11 330.80 Assistance and subsidies 197,242 2.79 114.01 Interest on debt 123,798 1.75 71.56 Exhibit: Salaries and wages 1,261,303 17.87 729.08 Total expenditure 7,058,693 100.00 4,080.17 General expenditure 6,486,411 91.89 3,749.37 Intergovernmental expenditure 2,075,053 29.40 1,199.45 Direct expenditure 4,411,358 62.50 2,549.92 General expenditure, by function: Education 2,515,590 35.64 1,454.10 Public welfare 1,253,017 17.75 724.29 Hospitals 320,578 4.54 185.31 Health 269,931 3.82 156.03 Highways 643,909 9.12 372.20 Police protection 58,008 0.82 33.53 Correction 186,491 2.64 107.80 Natural resources 84,891 1.20 49.07 Parks and recreation 42,811 0.61 24.75 Governmental administration 257,248 3.64 148.70 Interest on general debt 123,798 1.75 71.56 Other and unallocable 730,139 10.34 422.05 Utility expenditure 0 0.00 0.00 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 572,282 8.11 330.80 Debt at end of fiscal year 2,458,248 100.00 1,420.95 Cash and security holdings 18,665,255 100.00 10,789.16