STATE GOVERNMENT FINANCES: 1997 Amount Percent Per Tennessee (in thousands) Distribution capita Population (thousands) 5,368 Total Revenue 15,696,299 100.00 2,924.05 General revenue 13,365,828 85.15 2,489.91 Intergovernmental revenue 5,065,016 32.27 943.56 Taxes 6,616,361 42.15 1,232.56 General sales 3,839,914 24.46 715.33 Selective sales 1,247,118 7.95 232.32 License taxes 737,935 4.70 137.47 Individual income tax 128,189 0.82 23.88 Corporate income tax 479,660 3.06 89.36 Other taxes 183,545 1.17 34.19 Current charges 1,189,017 7.58 221.50 Miscellaneous general revenue 495,434 3.16 92.29 Utility revenue 0 0.00 0.00 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 2,330,471 14.85 434.14 Total expenditure 14,284,301 100.00 2,661.01 Intergovernmental expenditure 3,645,098 25.52 679.04 Direct expenditure 10,639,203 74.48 1,981.97 Current operation 7,653,205 53.58 1,425.71 Capital outlay 1,390,238 9.73 258.99 Insurance benefits and repayments 976,371 6.84 181.89 Assistance and subsidies 416,778 2.92 77.64 Interest on debt 202,611 1.42 37.74 Exhibit: Salaries and wages 2,417,814 16.93 450.41 Total expenditure 14,284,301 100.00 2,661.01 General expenditure 13,304,143 93.14 2,478.42 Intergovernmental expenditure 3,645,098 25.52 679.04 Direct expenditure 9,659,045 67.62 1,799.38 General expenditure, by function: Education 4,669,507 32.69 869.88 Public welfare 3,986,728 27.91 742.68 Hospitals 544,800 3.81 101.49 Health 572,837 4.01 106.71 Highways 1,298,659 9.09 241.93 Police protection 95,724 0.67 17.83 Correction 469,241 3.29 87.41 Natural resources 168,567 1.18 31.40 Parks and recreation 97,862 0.69 18.23 Governmental administration 331,415 2.32 61.74 Interest on general debt 202,611 1.42 37.74 Other and unallocable 866,192 6.06 161.36 Utility expenditure 3,787 0.03 0.71 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 976,371 6.84 181.89 Debt at end of fiscal year 3,314,928 100.00 617.54 Cash and security holdings 22,631,753 100.00 4,216.05