STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
New York                                    (in thousands)     Distribution         capita

Population (thousands)                              18,137                                
Total Revenue                                   95,442,410           100.00       5,262.30
  General revenue                               75,382,513            78.98       4,156.28
    Intergovernmental revenue                   30,470,368            31.93       1,680.01
    Taxes                                       34,864,623            36.53       1,922.29
      General sales                              7,353,097             7.70         405.42
      Selective sales                            4,786,766             5.02         263.92
      License taxes                                945,142             0.99          52.11
      Individual income tax                     17,554,367            18.39         967.88
      Corporate income tax                       3,042,094             3.19         167.73
      Other taxes                                1,183,157             1.24          65.23
    Current charges                              4,174,894             4.37         230.19
    Miscellaneous general revenue                5,872,628             6.15         323.79
  Utility revenue                                2,176,296             2.28         119.99
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                       17,883,601            18.74         986.03
                                                                                          
Total expenditure                               83,243,290           100.00       4,589.69
  Intergovernmental expenditure                 25,637,864            30.80       1,413.57
  Direct expenditure                            57,605,426            69.20       3,176.13
    Current operation                           38,115,857            45.79       2,101.55
    Capital outlay                               5,486,691             6.59         302.51
    Insurance benefits and repayments            8,926,909            10.72         492.19
    Assistance and subsidies                       906,287             1.09          49.97
    Interest on debt                             4,169,682             5.01         229.90
Exhibit: Salaries and wages                     10,061,908            12.09         554.77
                                                                                          
Total expenditure                               83,243,290           100.00       4,589.69
  General expenditure                           70,016,990            84.11       3,860.45
    Intergovernmental expenditure               25,637,864            30.80       1,413.57
    Direct expenditure                          44,379,126            53.31       2,446.88
  General expenditure, by function:                                                       
    Education                                   16,243,287            19.51         895.59
    Public welfare                              27,594,459            33.15       1,521.45
    Hospitals                                    3,311,633             3.98         182.59
    Health                                       2,147,669             2.58         118.41
    Highways                                     2,763,965             3.32         152.39
    Police protection                              344,324             0.41          18.98
    Correction                                   2,287,303             2.75         126.11
    Natural resources                              299,091             0.36          16.49
    Parks and recreation                           327,677             0.39          18.07
    Governmental administration                  3,467,298             4.17         191.17
    Interest on general debt                     3,766,750             4.52         207.68
    Other and unallocable                        7,463,534             8.97         411.51
  Utility expenditure                            4,299,391             5.16         237.05
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                    8,926,909            10.72         492.19
                                                                                          
  Debt at end of fiscal year                    74,078,490           100.00       4,084.38
                                                                                          
  Cash and security holdings                   153,765,511           100.00       8,478.00