STATE GOVERNMENT FINANCES: 1998 Amount Percent Per Iowa (in thousands) Distribution capita Population (thousands) 2,862 Total Revenue 10,029,402 100.00 3,503.79 General revenue 8,821,047 87.95 3,081.65 Intergovernmental revenue 2,215,812 22.09 774.10 Taxes 4,802,531 47.88 1,677.77 General sales 1,528,824 15.24 534.10 Selective sales 685,545 6.84 239.50 License taxes 452,880 4.52 158.21 Individual income tax 1,838,498 18.33 642.28 Corporate income tax 196,841 1.96 68.77 Other taxes 99,943 1.00 34.92 Current charges 1,113,601 11.10 389.04 Miscellaneous general revenue 689,103 6.87 240.74 Utility revenue 0 0.00 0.00 Liquor stores revenue 94,066 0.94 32.86 Insurance trust revenue 1,114,289 11.11 389.28 Total expenditure 9,729,171 100.00 3,398.90 Intergovernmental expenditure 2,794,519 28.72 976.27 Direct expenditure 6,934,652 71.28 2,422.63 Current operation 5,138,217 52.81 1,795.04 Capital outlay 795,715 8.18 277.98 Insurance benefits and repayments 633,894 6.52 221.45 Assistance and subsidies 250,040 2.57 87.35 Interest on debt 116,786 1.20 40.80 Exhibit: Salaries and wages 1,592,413 16.37 556.31 Total expenditure 9,729,171 100.00 3,398.90 General expenditure 9,030,380 92.82 3,154.78 Intergovernmental expenditure 2,794,519 28.72 976.27 Direct expenditure 6,235,861 64.09 2,178.51 General expenditure, by function: Education 3,744,201 38.48 1,308.04 Public welfare 1,937,222 19.91 676.77 Hospitals 537,465 5.52 187.76 Health 194,559 2.00 67.97 Highways 1,055,929 10.85 368.89 Police protection 65,801 0.68 22.99 Correction 227,326 2.34 79.42 Natural resources 220,096 2.26 76.89 Parks and recreation 19,672 0.20 6.87 Governmental administration 344,800 3.54 120.46 Interest on general debt 116,786 1.20 40.80 Other and unallocable 566,523 5.82 197.92 Utility expenditure 0 0.00 0.00 Liquor stores expenditure 64,897 0.67 22.67 Insurance trust expenditure 633,894 6.52 221.45 Debt at end of fiscal year 2,029,300 100.00 708.94 Cash and security holdings 22,073,490 100.00 7,711.41