STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
Virginia                                    (in thousands)     Distribution         capita

Population (thousands)                               6,734                                
Total Revenue                                   24,322,031           100.00       3,611.83
  General revenue                               18,089,498            74.37       2,686.29
    Intergovernmental revenue                    3,544,685            14.57         526.39
    Taxes                                        9,627,591            39.58       1,429.70
      General sales                              2,118,945             8.71         314.66
      Selective sales                            1,647,597             6.77         244.67
      License taxes                                430,751             1.77          63.97
      Individual income tax                      4,727,791            19.44         702.08
      Corporate income tax                         425,154             1.75          63.14
      Other taxes                                  277,353             1.14          41.19
    Current charges                              2,805,169            11.53         416.57
    Miscellaneous general revenue                2,112,053             8.68         313.64
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                            257,863             1.06          38.29
  Insurance trust revenue                        5,974,670            24.56         887.24
                                                                                          
Total expenditure                               19,286,506           100.00       2,864.05
  Intergovernmental expenditure                  5,337,239            27.67         792.58
  Direct expenditure                            13,949,267            72.33       2,071.47
    Current operation                            9,811,241            50.87       1,456.97
    Capital outlay                               1,592,604             8.26         236.50
    Insurance benefits and repayments            1,249,134             6.48         185.50
    Assistance and subsidies                       697,621             3.62         103.60
    Interest on debt                               598,667             3.10          88.90
Exhibit: Salaries and wages                      3,471,333            18.00         515.49
                                                                                          
Total expenditure                               19,286,506           100.00       2,864.05
  General expenditure                           17,806,854            92.33       2,644.32
    Intergovernmental expenditure                5,337,239            27.67         792.58
    Direct expenditure                          12,469,615            64.65       1,851.74
  General expenditure, by function:                                                       
    Education                                    7,047,584            36.54       1,046.57
    Public welfare                               3,233,825            16.77         480.22
    Hospitals                                    1,163,248             6.03         172.74
    Health                                         540,595             2.80          80.28
    Highways                                     2,140,430            11.10         317.85
    Police protection                              326,050             1.69          48.42
    Correction                                     823,949             4.27         122.36
    Natural resources                              140,872             0.73          20.92
    Parks and recreation                            50,675             0.26           7.53
    Governmental administration                    775,659             4.02         115.19
    Interest on general debt                       598,667             3.10          88.90
    Other and unallocable                          965,300             5.01         143.35
  Utility expenditure                                3,469             0.02           0.52
  Liquor stores expenditure                        227,049             1.18          33.72
  Insurance trust expenditure                    1,249,134             6.48         185.50
                                                                                          
  Debt at end of fiscal year                     9,940,870           100.00       1,476.22
                                                                                          
  Cash and security holdings                    42,854,897           100.00       6,363.96