STATE GOVERNMENT FINANCES: 1998 Amount Percent Per Arkansas (in thousands) Distribution capita Population (thousands) 2,538 Total Revenue 9,487,169 100.00 3,737.60 General revenue 7,724,459 81.42 3,043.16 Intergovernmental revenue 2,368,339 24.96 933.04 Taxes 4,056,582 42.76 1,598.15 General sales 1,513,673 15.95 596.33 Selective sales 588,132 6.20 231.70 License taxes 237,372 2.50 93.52 Individual income tax 1,390,304 14.65 547.73 Corporate income tax 252,870 2.67 99.62 Other taxes 74,231 0.78 29.24 Current charges 816,823 8.61 321.80 Miscellaneous general revenue 482,715 5.09 190.17 Utility revenue 0 0.00 0.00 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 1,762,710 18.58 694.44 Total expenditure 8,103,515 100.00 3,192.49 Intergovernmental expenditure 2,109,996 26.04 831.26 Direct expenditure 5,993,519 73.96 2,361.23 Current operation 4,457,537 55.01 1,756.11 Capital outlay 753,271 9.30 296.76 Insurance benefits and repayments 531,447 6.56 209.37 Assistance and subsidies 127,559 1.57 50.25 Interest on debt 123,705 1.53 48.74 Exhibit: Salaries and wages 1,543,261 19.04 607.99 Total expenditure 8,103,515 100.00 3,192.49 General expenditure 7,572,068 93.44 2,983.12 Intergovernmental expenditure 2,109,996 26.04 831.26 Direct expenditure 5,462,072 67.40 2,151.86 General expenditure, by function: Education 3,019,425 37.26 1,189.54 Public welfare 1,796,670 22.17 707.82 Hospitals 371,271 4.58 146.27 Health 271,451 3.35 106.94 Highways 779,160 9.62 306.96 Police protection 63,150 0.78 24.88 Correction 205,929 2.54 81.13 Natural resources 161,955 2.00 63.80 Parks and recreation 49,440 0.61 19.48 Governmental administration 262,013 3.23 103.22 Interest on general debt 123,705 1.53 48.74 Other and unallocable 467,899 5.77 184.34 Utility expenditure 0 0.00 0.00 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 531,447 6.56 209.37 Debt at end of fiscal year 2,384,116 100.00 939.26 Cash and security holdings 13,344,054 100.00 5,257.08