STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
New Jersey                                  (in thousands)     Distribution         capita

Population (thousands)                               8,115                                
Total Revenue                                   37,007,323           100.00       4,560.35
  General revenue                               28,357,326            76.63       3,494.43
    Intergovernmental revenue                    6,391,527            17.27         787.62
    Taxes                                       15,604,971            42.17       1,922.98
      General sales                              4,766,195            12.88         587.33
      Selective sales                            2,884,171             7.79         355.41
      License taxes                                753,229             2.04          92.82
      Individual income tax                      5,590,579            15.11         688.92
      Corporate income tax                       1,178,053             3.18         145.17
      Other taxes                                  432,744             1.17          53.33
    Current charges                              3,057,874             8.26         376.82
    Miscellaneous general revenue                3,302,954             8.93         407.02
  Utility revenue                                  470,491             1.27          57.98
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                        8,179,506            22.10       1,007.95
                                                                                          
Total expenditure                               31,701,874           100.00       3,906.57
  Intergovernmental expenditure                  7,176,343            22.64         884.33
  Direct expenditure                            24,525,531            77.36       3,022.24
    Current operation                           15,943,789            50.29       1,964.73
    Capital outlay                               2,721,046             8.58         335.31
    Insurance benefits and repayments            4,313,525            13.61         531.55
    Assistance and subsidies                       311,751             0.98          38.42
    Interest on debt                             1,235,420             3.90         152.24
Exhibit: Salaries and wages                      5,621,886            17.73         692.78
                                                                                          
Total expenditure                               31,701,874           100.00       3,906.57
  General expenditure                           25,974,058            81.93       3,200.74
    Intergovernmental expenditure                7,176,343            22.64         884.33
    Direct expenditure                          18,797,715            59.30       2,316.41
  General expenditure, by function:                                                       
    Education                                    8,460,330            26.69       1,042.55
    Public welfare                               5,234,703            16.51         645.06
    Hospitals                                    1,022,082             3.22         125.95
    Health                                         813,249             2.57         100.22
    Highways                                     1,864,700             5.88         229.78
    Police protection                              252,699             0.80          31.14
    Correction                                   1,066,895             3.37         131.47
    Natural resources                              303,203             0.96          37.36
    Parks and recreation                           619,236             1.95          76.31
    Governmental administration                  1,174,866             3.71         144.78
    Interest on general debt                     1,227,757             3.87         151.29
    Other and unallocable                        3,934,338            12.41         484.82
  Utility expenditure                            1,414,291             4.46         174.28
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                    4,313,525            13.61         531.55
                                                                                          
  Debt at end of fiscal year                    27,213,664           100.00       3,353.50
                                                                                          
  Cash and security holdings                    68,959,478           100.00       8,497.77