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State Government Finances: 2003
(Dollar amounts in thousands. Per capita amounts in dollars)
Item VIRGINIA
Amount Per Capita
   
Population (thousands, 2003) 7,365  X
   
Total Revenue                   28,185,448                       3,826.94
   
   General revenue                   25,528,061                       3,466.13
      Intergovernmental revenue                     5,679,471                          771.14
      Taxes                   12,969,177                       1,760.92
         General sales                     2,692,151                          365.53
         Selective sales                     2,070,831                          281.17
         License taxes                        588,665                           79.93
         Individual income tax                     6,775,746                          919.99
         Corporate income tax                        328,444                           44.60
         Other taxes                        513,340                           69.70
   
      Current charges                     4,076,034                          553.43
      Miscellaneous general revenue                     2,803,379                          380.64
   Utility revenue                                  -                                  -
   Liquor store revenue                        367,689                           49.92
   Insurance trust revenue                     2,289,698                          310.89
   
Total expenditure                   29,129,136                       3,955.08
   Intergovernmental expenditure                     8,352,635                       1,134.10
   Direct expenditure                   20,776,501                       2,820.98
      Current operation                   14,973,244                       2,033.03
      Capital outlay                     1,672,483                          227.09
      Insurance benefits and repayments                     2,504,410                          340.04
      Assistance and subsidies                        978,980                          132.92
      Interest on debt                        647,384                           87.90
Exhibit: Salaries and wages                     4,961,010                          673.59
   
Total expenditure                   29,129,136                       3,955.08
   General expenditure                   26,289,267                       3,569.49
      Intergovernmental expenditure                     8,352,635                       1,134.10
      Direct expenditure                   17,936,632                       2,435.39
   
   General expenditures, by function  
      Education                     9,776,565                       1,327.44
      Public welfare                     5,234,986                          710.79
      Hospitals                     1,886,966                          256.21
      Health                        682,070                           92.61
      Highways                     2,588,474                          351.46
   
      Police protection                        552,064                           74.96
      Correction                     1,194,241                          162.15
      Natural resources                        175,851                           23.88
      Parks and recreation                          76,086                           10.33
      Government administration                     1,060,990                          144.06
   
      Interest on general debt                        647,384                           87.90
      Other and unallocable                     2,413,590                          327.71
   
   Utility expenditure                          13,547                             1.84
   Liquor store expenditure                        321,912                           43.71
   Insurance trust expenditure                     2,504,410                          340.04
   
Debt at end of fiscal year                   13,530,190                       1,837.09
   
Cash and security holdings                   50,836,361                       6,902.43
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