STATE GOVERNMENT FINANCES: 1998 Amount Percent Per Tennessee (in thousands) Distribution capita Population (thousands) 5,431 Total Revenue 16,675,209 100.00 3,070.59 General revenue 14,086,340 84.47 2,593.87 Intergovernmental revenue 5,264,984 31.57 969.50 Taxes 6,996,120 41.96 1,288.27 General sales 4,027,787 24.15 741.68 Selective sales 1,292,867 7.75 238.07 License taxes 656,281 3.94 120.85 Individual income tax 160,836 0.96 29.62 Corporate income tax 607,418 3.64 111.85 Other taxes 250,931 1.50 46.21 Current charges 1,310,007 7.86 241.23 Miscellaneous general revenue 515,229 3.09 94.87 Utility revenue 0 0.00 0.00 Liquor stores revenue 0 0.00 0.00 Insurance trust revenue 2,588,869 15.53 476.72 Total expenditure 14,775,178 100.00 2,720.72 Intergovernmental expenditure 3,923,819 26.56 722.54 Direct expenditure 10,851,359 73.44 1,998.18 Current operation 7,975,087 53.98 1,468.54 Capital outlay 1,419,360 9.61 261.36 Insurance benefits and repayments 896,250 6.07 165.04 Assistance and subsidies 356,005 2.41 65.56 Interest on debt 204,657 1.39 37.69 Exhibit: Salaries and wages 2,351,934 15.92 433.09 Total expenditure 14,775,178 100.00 2,720.72 General expenditure 13,875,109 93.91 2,554.98 Intergovernmental expenditure 3,923,819 26.56 722.54 Direct expenditure 9,951,290 67.35 1,832.44 General expenditure, by function: Education 4,919,897 33.30 905.95 Public welfare 4,196,566 28.40 772.76 Hospitals 555,729 3.76 102.33 Health 522,405 3.54 96.20 Highways 1,374,234 9.30 253.05 Police protection 103,110 0.70 18.99 Correction 441,404 2.99 81.28 Natural resources 176,907 1.20 32.58 Parks and recreation 124,120 0.84 22.86 Governmental administration 360,630 2.44 66.41 Interest on general debt 204,657 1.39 37.69 Other and unallocable 895,450 6.06 164.89 Utility expenditure 3,819 0.03 0.70 Liquor stores expenditure 0 0.00 0.00 Insurance trust expenditure 896,250 6.07 165.04 Debt at end of fiscal year 3,191,892 100.00 587.76 Cash and security holdings 25,329,337 100.00 4,664.17