STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
Indiana                                     (in thousands)     Distribution         capita

Population (thousands)                               5,899                                
Total Revenue                                   18,507,747           100.00       3,137.33
  General revenue                               17,112,711            92.46       2,900.86
    Intergovernmental revenue                    3,943,070            21.30         668.41
    Taxes                                        9,747,426            52.67       1,652.33
      General sales                              3,156,272            17.05         535.03
      Selective sales                            1,252,525             6.77         212.32
      License taxes                                216,632             1.17          36.72
      Individual income tax                      4,065,074            21.96         689.09
      Corporate income tax                         928,218             5.02         157.35
      Other taxes                                  128,705             0.70          21.82
    Current charges                              2,075,233            11.21         351.78
    Miscellaneous general revenue                1,346,982             7.28         228.33
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                        1,395,036             7.54         236.48
                                                                                          
Total expenditure                               17,223,182           100.00       2,919.58
  Intergovernmental expenditure                  5,883,074            34.16         997.27
  Direct expenditure                            11,340,108            65.84       1,922.31
    Current operation                            8,658,561            50.27       1,467.75
    Capital outlay                               1,223,934             7.11         207.47
    Insurance benefits and repayments              945,097             5.49         160.21
    Assistance and subsidies                       222,824             1.29          37.77
    Interest on debt                               289,692             1.68          49.11
Exhibit: Salaries and wages                      2,605,913            15.13         441.74
                                                                                          
Total expenditure                               17,223,182           100.00       2,919.58
  General expenditure                           16,278,085            94.51       2,759.37
    Intergovernmental expenditure                5,883,074            34.16         997.27
    Direct expenditure                          10,395,011            60.35       1,762.11
  General expenditure, by function:                                                       
    Education                                    6,833,269            39.67       1,158.34
    Public welfare                               3,298,261            19.15         559.10
    Hospitals                                      216,860             1.26          36.76
    Health                                         421,808             2.45          71.50
    Highways                                     1,721,220             9.99         291.77
    Police protection                              179,143             1.04          30.37
    Correction                                     447,358             2.60          75.83
    Natural resources                              167,774             0.97          28.44
    Parks and recreation                            57,826             0.34           9.80
    Governmental administration                    435,247             2.53          73.78
    Interest on general debt                       289,692             1.68          49.11
    Other and unallocable                        2,209,627            12.83         374.56
  Utility expenditure                                    0             0.00           0.00
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                      945,097             5.49         160.21
                                                                                          
  Debt at end of fiscal year                     6,704,287           100.00       1,136.47
                                                                                          
  Cash and security holdings                    26,046,982           100.00       4,415.35