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State Government Finances: 2003
(Dollar amounts in thousands. Per capita amounts in dollars)
Item IOWA
Amount Per Capita
   
Population (thousands, 2003) 2,942  X 
   
Total Revenue                   12,972,701                       4,409.48
   
   General revenue                   11,096,904                       3,771.89
      Intergovernmental revenue                     3,534,400                       1,201.36
      Taxes                     4,922,455                       1,673.17
         General sales                     1,589,917                          540.42
         Selective sales                        779,069                          264.81
         License taxes                        537,574                          182.72
         Individual income tax                     1,791,129                          608.81
         Corporate income tax                        140,031                           47.60
         Other taxes                          84,735                           28.80
   
      Current charges                     1,530,512                          520.23
      Miscellaneous general revenue                     1,109,537                          377.14
   Utility revenue                                  -                                  -
   Liquor store revenue                        123,297                           41.91
   Insurance trust revenue                     1,752,500                          595.68
   
Total expenditure                   13,088,000                       4,448.67
   Intergovernmental expenditure                     3,442,552                       1,170.14
   Direct expenditure                     9,645,448                       3,278.53
      Current operation                     6,887,136                       2,340.97
      Capital outlay                     1,074,918                          365.37
      Insurance benefits and repayments                     1,288,873                          438.09
      Assistance and subsidies                        272,050                           92.47
      Interest on debt                        122,471                           41.63
Exhibit: Salaries and wages                     2,440,167                          829.42
   
Total expenditure                   13,088,000                       4,448.67
   General expenditure                   11,714,669                       3,981.87
      Intergovernmental expenditure                     3,442,552                       1,170.14
      Direct expenditure                     8,272,117                       2,811.73
   
   General expenditures, by function  
      Education                     4,589,923                       1,560.14
      Public welfare                     2,795,400                          950.17
      Hospitals                        759,789                          258.26
      Health                        241,311                           82.02
      Highways                     1,356,482                          461.07
   
      Police protection                          86,332                           29.34
      Correction                        294,911                          100.24
      Natural resources                        243,227                           82.67
      Parks and recreation                          23,027                             7.83
      Government administration                        503,328                          171.08
   
      Interest on general debt                        122,471                           41.63
      Other and unallocable                        698,468                          237.41
   
   Utility expenditure                                  -                                  -
   Liquor store expenditure                          84,458                           28.71
   Insurance trust expenditure                     1,288,873                          438.09
   
Debt at end of fiscal year                     4,279,448                       1,454.61
   
Cash and security holdings                   25,147,636                       8,547.80
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