STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
Virginia                                    (in thousands)     Distribution         capita

Population (thousands)                               6,791                                
Total Revenue                                   25,918,315           100.00       3,816.37
  General revenue                               19,267,867            74.34       2,837.12
    Intergovernmental revenue                    3,780,977            14.59         556.73
    Taxes                                       10,542,966            40.68       1,552.41
      General sales                              2,225,021             8.58         327.63
      Selective sales                            1,686,240             6.51         248.29
      License taxes                                455,443             1.76          67.06
      Individual income tax                      5,405,468            20.86         795.93
      Corporate income tax                         445,659             1.72          65.62
      Other taxes                                  325,135             1.25          47.87
    Current charges                              2,945,903            11.37         433.77
    Miscellaneous general revenue                1,998,021             7.71         294.20
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                            258,562             1.00          38.07
  Insurance trust revenue                        6,391,886            24.66         941.18
                                                                                          
Total expenditure                               20,529,276           100.00       3,022.86
  Intergovernmental expenditure                  5,660,133            27.57         833.43
  Direct expenditure                            14,869,143            72.43       2,189.43
    Current operation                           10,470,565            51.00       1,541.75
    Capital outlay                               1,780,894             8.67         262.23
    Insurance benefits and repayments            1,250,201             6.09         184.09
    Assistance and subsidies                       708,806             3.45         104.37
    Interest on debt                               658,677             3.21          96.99
Exhibit: Salaries and wages                      3,653,279            17.80         537.93
                                                                                          
Total expenditure                               20,529,276           100.00       3,022.86
  General expenditure                           19,036,655            92.73       2,803.08
    Intergovernmental expenditure                5,660,133            27.57         833.43
    Direct expenditure                          13,376,522            65.16       1,969.64
  General expenditure, by function:                                                       
    Education                                    7,489,643            36.48       1,102.82
    Public welfare                               3,420,433            16.66         503.65
    Hospitals                                    1,274,442             6.21         187.66
    Health                                         535,124             2.61          78.79
    Highways                                     2,231,629            10.87         328.60
    Police protection                              348,330             1.70          51.29
    Correction                                     933,078             4.55         137.39
    Natural resources                              148,678             0.72          21.89
    Parks and recreation                            55,796             0.27           8.22
    Governmental administration                    863,247             4.20         127.11
    Interest on general debt                       658,677             3.21          96.99
    Other and unallocable                        1,077,578             5.25         158.67
  Utility expenditure                                5,754             0.03           0.85
  Liquor stores expenditure                        236,666             1.15          34.85
  Insurance trust expenditure                    1,250,201             6.09         184.09
                                                                                          
  Debt at end of fiscal year                    10,828,138           100.00       1,594.40
                                                                                          
  Cash and security holdings                    48,807,360           100.00       7,186.70