STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
Vermont                                     (in thousands)     Distribution         capita

Population (thousands)                                 591                                
Total Revenue                                    2,372,580           100.00       4,015.31
  General revenue                                2,196,423            92.58       3,717.19
    Intergovernmental revenue                      729,547            30.75       1,234.67
    Taxes                                          957,656            40.36       1,620.72
      General sales                                194,501             8.20         329.17
      Selective sales                              229,511             9.67         388.42
      License taxes                                 65,560             2.76         110.95
      Individual income tax                        365,616            15.41         618.76
      Corporate income tax                          45,886             1.93          77.66
      Other taxes                                   56,582             2.38          95.76
    Current charges                                306,494            12.92         518.71
    Miscellaneous general revenue                  202,726             8.54         343.09
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                             27,868             1.17          47.16
  Insurance trust revenue                          148,289             6.25         250.96
                                                                                          
Total expenditure                                2,295,310           100.00       3,884.54
  Intergovernmental expenditure                    355,608            15.49         601.82
  Direct expenditure                             1,939,702            84.51       3,282.72
    Current operation                            1,486,838            64.78       2,516.30
    Capital outlay                                 129,860             5.66         219.77
    Insurance benefits and repayments              110,929             4.83         187.73
    Assistance and subsidies                        90,168             3.93         152.60
    Interest on debt                               121,907             5.31         206.31
Exhibit: Salaries and wages                        440,753            19.20         745.92
                                                                                          
Total expenditure                                2,295,310           100.00       3,884.54
  General expenditure                            2,154,062            93.85       3,645.50
    Intergovernmental expenditure                  355,608            15.49         601.82
    Direct expenditure                           1,798,454            78.35       3,043.67
  General expenditure, by function:                                                       
    Education                                      679,263            29.59       1,149.57
    Public welfare                                 565,386            24.63         956.85
    Hospitals                                        8,672             0.38          14.68
    Health                                          58,618             2.55          99.20
    Highways                                       220,338             9.60         372.90
    Police protection                               32,053             1.40          54.25
    Correction                                      39,099             1.70          66.17
    Natural resources                               64,189             2.80         108.63
    Parks and recreation                             8,958             0.39          15.16
    Governmental administration                    141,643             6.17         239.71
    Interest on general debt                       121,907             5.31         206.31
    Other and unallocable                          213,936             9.32         362.06
  Utility expenditure                                4,014             0.17           6.79
  Liquor stores expenditure                         26,305             1.15          44.52
  Insurance trust expenditure                      110,929             4.83         187.73
                                                                                          
  Debt at end of fiscal year                     2,109,788           100.00       3,570.57
                                                                                          
  Cash and security holdings                     4,275,953           100.00       7,236.55