STATE GOVERNMENT FINANCES: 1997


                                                    Amount          Percent            Per
Vermont                                     (in thousands)     Distribution         capita

Population (thousands)                                 589                                
Total Revenue                                    2,369,972           100.00       4,023.72
  General revenue                                2,052,541            86.61       3,484.79
    Intergovernmental revenue                      666,942            28.14       1,132.33
    Taxes                                          899,161            37.94       1,526.59
      General sales                                183,836             7.76         312.12
      Selective sales                              225,431             9.51         382.74
      License taxes                                 67,621             2.85         114.81
      Individual income tax                        323,140            13.63         548.62
      Corporate income tax                          45,327             1.91          76.96
      Other taxes                                   53,806             2.27          91.35
    Current charges                                296,827            12.52         503.95
    Miscellaneous general revenue                  189,611             8.00         321.92
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                             27,466             1.16          46.63
  Insurance trust revenue                          289,965            12.23         492.30
                                                                                          
Total expenditure                                2,123,269           100.00       3,604.87
  Intergovernmental expenditure                    312,333            14.71         530.28
  Direct expenditure                             1,810,936            85.29       3,074.59
    Current operation                            1,373,997            64.71       2,332.76
    Capital outlay                                 109,952             5.18         186.68
    Insurance benefits and repayments              124,882             5.88         212.02
    Assistance and subsidies                        90,370             4.26         153.43
    Interest on debt                               111,735             5.26         189.70
Exhibit: Salaries and wages                        408,859            19.26         694.16
                                                                                          
Total expenditure                                2,123,269           100.00       3,604.87
  General expenditure                            1,970,740            92.82       3,345.91
    Intergovernmental expenditure                  312,333            14.71         530.28
    Direct expenditure                           1,658,407            78.11       2,815.63
  General expenditure, by function:                                                       
    Education                                      644,872            30.37       1,094.86
    Public welfare                                 522,923            24.63         887.81
    Hospitals                                        8,714             0.41          14.79
    Health                                          49,852             2.35          84.64
    Highways                                       190,741             8.98         323.84
    Police protection                               30,086             1.42          51.08
    Correction                                      43,703             2.06          74.20
    Natural resources                               62,352             2.94         105.86
    Parks and recreation                            12,005             0.57          20.38
    Governmental administration                    115,562             5.44         196.20
    Interest on general debt                       111,735             5.26         189.70
    Other and unallocable                          178,195             8.39         302.54
  Utility expenditure                                1,191             0.06           2.02
  Liquor stores expenditure                         26,456             1.25          44.92
  Insurance trust expenditure                      124,882             5.88         212.02
                                                                                          
  Debt at end of fiscal year                     2,037,435           100.00       3,459.14
                                                                                          
  Cash and security holdings                     3,671,949           100.00       6,234.21