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State Government Finances: 2003
(Dollar amounts in thousands. Per capita amounts in dollars)
Item NORTH CAROLINA
Amount Per Capita
   
Population (thousands, 2003) 8,421  X
   
Total Revenue                   30,042,985                       3,567.63
   
   General revenue                   30,171,034                       3,582.83
      Intergovernmental revenue                   10,278,725                       1,220.61
      Taxes                   15,848,650                       1,882.04
         General sales                     4,005,124                          475.61
         Selective sales                     2,746,998                          326.21
         License taxes                        937,372                          111.31
         Individual income tax                     7,089,142                          841.84
         Corporate income tax                        898,369                          106.68
         Other taxes                        171,645                           20.38
   
      Current charges                     2,560,135                          304.02
      Miscellaneous general revenue                     1,483,524                          176.17
   Utility revenue                                69                               .01
   Liquor store revenue                                  -                                  -
   Insurance trust revenue                       -128,118                          -15.21
   
Total expenditure                   34,360,977                       4,080.39
   Intergovernmental expenditure                   10,356,152                       1,229.80
   Direct expenditure                   24,004,825                       2,850.59
      Current operation                   16,677,794                       1,980.50
      Capital outlay                     2,462,686                          292.45
      Insurance benefits and repayments                     3,912,931                          464.66
      Assistance and subsidies                        504,697                           59.93
      Interest on debt                        446,717                           53.05
Exhibit: Salaries and wages                     5,762,164                          684.26
   
Total expenditure                   34,360,977                       4,080.39
   General expenditure                   30,428,323                       3,613.39
      Intergovernmental expenditure                   10,356,152                       1,229.80
      Direct expenditure                   20,072,171                       2,383.59
   
   General expenditures, by function  
      Education                   12,376,047                       1,469.66
      Public welfare                     7,813,094                          927.81
      Hospitals                     1,052,927                          125.04
      Health                     1,026,171                          121.86
      Highways                     2,722,986                          323.36
   
      Police protection                        359,016                           42.63
      Correction                        942,711                          111.95
      Natural resources                        563,816                           66.95
      Parks and recreation                        130,528                           15.50
      Government administration                        766,185                           90.99
   
      Interest on general debt                        446,717                           53.05
      Other and unallocable                     2,228,125                          264.59
   
   Utility expenditure                          19,723                             2.34
   Liquor store expenditure                                  -                                  -
   Insurance trust expenditure                     3,912,931                          464.66
   
Debt at end of fiscal year                   12,141,890                       1,441.86
   
Cash and security holdings                   65,591,853                       7,789.08
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