STATE GOVERNMENT FINANCES: 1998 Amount Percent Per New Mexico (in thousands) Distribution capita Population (thousands) 1,737 Total Revenue 9,058,548 100.00 5,215.26 General revenue 7,127,032 78.68 4,103.23 Intergovernmental revenue 1,846,136 20.38 1,062.87 Taxes 3,574,537 39.46 2,057.96 General sales 1,454,913 16.06 837.63 Selective sales 495,831 5.47 285.46 License taxes 187,971 2.08 108.22 Individual income tax 799,006 8.82 460.01 Corporate income tax 180,021 1.99 103.64 Other taxes 456,795 5.04 262.99 Current charges 636,708 7.03 366.57 Miscellaneous general revenue 1,069,651 11.81 615.83 Utility revenue 0 0.00 0.00 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 1,931,516 21.32 1,112.03 Total expenditure 7,539,619 100.00 4,340.77 Intergovernmental expenditure 2,186,948 29.01 1,259.09 Direct expenditure 5,352,671 70.99 3,081.68 Current operation 4,007,079 53.15 2,306.99 Capital outlay 391,074 5.19 225.15 Insurance benefits and repayments 595,789 7.90 343.01 Assistance and subsidies 206,420 2.74 118.84 Interest on debt 152,309 2.02 87.69 Exhibit: Salaries and wages 1,277,138 16.94 735.28 Total expenditure 7,539,619 100.00 4,340.77 General expenditure 6,943,830 92.10 3,997.76 Intergovernmental expenditure 2,186,948 29.01 1,259.09 Direct expenditure 4,756,882 63.09 2,738.67 General expenditure, by function: Education 2,622,644 34.78 1,509.93 Public welfare 1,276,673 16.93 735.02 Hospitals 319,694 4.24 184.06 Health 267,416 3.55 153.96 Highways 875,468 11.61 504.03 Police protection 54,659 0.72 31.47 Correction 196,329 2.60 113.03 Natural resources 85,318 1.13 49.12 Parks and recreation 41,923 0.56 24.14 Governmental administration 277,068 3.67 159.52 Interest on general debt 152,309 2.02 87.69 Other and unallocable 774,329 10.27 445.80 Utility expenditure 0 0.00 0.00 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 595,789 7.90 343.01 Debt at end of fiscal year 2,571,766 100.00 1,480.64 Cash and security holdings 23,849,833 100.00 13,731.02