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State Government Finances: 2003
(Dollar amounts in thousands. Per capita amounts in dollars)
Item ARKANSAS
Amount Per Capita
   
Population (thousands, 2003) 2,728  X 
   
Total Revenue                   11,805,012                       4,327.35
   
   General revenue                   10,730,541                       3,933.48
      Intergovernmental revenue                     3,685,249                       1,350.90
      Taxes                     5,145,554                       1,886.20
         General sales                     1,951,630                          715.41
         Selective sales                        706,237                          258.88
         License taxes                        206,286                           75.62
         Individual income tax                     1,528,231                          560.20
         Corporate income tax                        176,875                           64.84
         Other taxes                        576,295                          211.25
   
      Current charges                     1,396,967                          512.08
      Miscellaneous general revenue                        502,771                          184.30
   Utility revenue                                  -                                  -
   Liquor store revenue                                  -                                  -
   Insurance trust revenue                     1,074,471                          393.87
   
Total expenditure                   12,084,818                       4,429.92
   Intergovernmental expenditure                     3,210,582                       1,176.90
   Direct expenditure                     8,874,236                       3,253.02
      Current operation                     6,563,752                       2,406.07
      Capital outlay                        954,604                          349.93
      Insurance benefits and repayments                     1,003,462                          367.84
      Assistance and subsidies                        237,342                           87.00
      Interest on debt                        115,076                           42.18
Exhibit: Salaries and wages                     1,489,802                          546.12
   
Total expenditure                   12,084,818                       4,429.92
   General expenditure                   11,081,356                       4,062.08
      Intergovernmental expenditure                     3,210,582                       1,176.90
      Direct expenditure                     7,870,774                       2,885.18
   
   General expenditures, by function  
      Education                     4,529,282                       1,660.29
      Public welfare                     2,705,341                          991.69
      Hospitals                        543,347                          199.17
      Health                        292,724                          107.30
      Highways                     1,098,172                          402.56
   
      Police protection                          69,422                           25.45
      Correction                        305,803                          112.10
      Natural resources                        190,638                           69.88
      Parks and recreation                          71,910                           26.36
      Government administration                        443,224                          162.47
   
      Interest on general debt                        115,076                           42.18
      Other and unallocable                        716,417                          262.62
   
   Utility expenditure                                  -                                  -
   Liquor store expenditure                                  -                                  -
   Insurance trust expenditure                     1,003,462                          367.84
   
Debt at end of fiscal year                     3,295,143                       1,207.90
   
Cash and security holdings                   16,999,518                       6,231.49
Abbreviations and symbols:  -  zero or rounds to zero;  (NA)   not available;  X   not applicable
2003 Population source: Table NST-EST2004-01 - Annual State Population Estimates:  July 1, 2004,  Population Division, U.S. Census Bureau,
   released December 22, 2004.
Created: April 04 2005
Last Revised: May 14 2010