STATE GOVERNMENT FINANCES: 1998 Amount Percent Per Arizona (in thousands) Distribution capita Population (thousands) 4,669 Total Revenue 16,582,495 100.00 3,551.90 General revenue 11,813,762 71.24 2,530.46 Intergovernmental revenue 3,329,995 20.08 713.27 Taxes 6,949,370 41.91 1,488.52 General sales 3,050,111 18.39 653.32 Selective sales 958,092 5.78 205.22 License taxes 233,167 1.41 49.94 Individual income tax 1,863,196 11.24 399.09 Corporate income tax 528,161 3.19 113.13 Other taxes 316,643 1.91 67.82 Current charges 745,626 4.50 159.71 Miscellaneous general revenue 788,771 4.76 168.95 Utility revenue 20,550 0.12 4.40 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 4,748,183 28.63 1,017.04 Total expenditure 13,327,967 100.00 2,854.79 Intergovernmental expenditure 5,023,261 37.69 1,075.96 Direct expenditure 8,304,706 62.31 1,778.83 Current operation 5,660,035 42.47 1,212.35 Capital outlay 888,544 6.67 190.32 Insurance benefits and repayments 1,230,712 9.23 263.61 Assistance and subsidies 370,625 2.78 79.39 Interest on debt 154,790 1.16 33.16 Exhibit: Salaries and wages 2,280,083 17.11 488.38 Total expenditure 13,327,967 100.00 2,854.79 General expenditure 12,069,852 90.56 2,585.31 Intergovernmental expenditure 5,023,261 37.69 1,075.96 Direct expenditure 7,046,591 52.87 1,509.35 General expenditure, by function: Education 4,392,711 32.96 940.90 Public welfare 2,648,198 19.87 567.23 Hospitals 62,466 0.47 13.38 Health 656,826 4.93 140.69 Highways 1,192,360 8.95 255.40 Police protection 134,753 1.01 28.86 Correction 717,458 5.38 153.68 Natural resources 155,794 1.17 33.37 Parks and recreation 47,853 0.36 10.25 Governmental administration 419,284 3.15 89.81 Interest on general debt 151,061 1.13 32.36 Other and unallocable 1,491,088 11.19 319.38 Utility expenditure 27,403 0.21 5.87 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 1,230,712 9.23 263.61 Debt at end of fiscal year 2,806,922 100.00 601.23 Cash and security holdings 31,570,957 100.00 6,762.36