Skip header section
US Census Bureau
People Business Geography Newsroom Subjects A to Z Search@Census
 

State Government Finances

Skip top of page navigation
You are here: Census.gov › Business & Industry › Federal, State, & Local Governments › State Government Finances › Viewable Data
STATE GOVERNMENT FINANCES: 2004
STATE: MASSACHUSETTS
(Thousand Dollars)
 
Source: 2004 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/04_methodology.pdf.

Item       Amount      
Total revenue      41,774,066
       
    General revenue      33,138,225
        Intergovernmental revenue      9,078,391
        Taxes      16,839,243
            General sales      3,743,204
            Selective sales      1,859,410
            License taxes      664,556
            Individual income tax      8,830,334
            Corporate income tax      1,301,076
            Other taxes      440,663
       
        Current charges      2,718,139
        Miscellaneous general revenue      4,502,452
       
    Utility revenue      130,376
    Liquor stores revenue      0
    Insurance trust revenue(1)      8,505,465
       
Total expenditure      36,981,953
    Intergovernmental expenditure      5,393,684
    Direct expenditure      31,588,269
        Current operation      20,349,124
        Capital outlay      3,379,124
        Insurance benefits and repayments      4,318,252
        Assistance and subsidies      702,842
        Interest on debt      2,838,927
Exhibit: Salaries and wages      4,118,590
       
Total expenditure      36,981,953
General expenditure      32,450,638
        Intergovernmental expenditure      5,393,684
        Direct expenditure      27,056,954
       
    General expenditure, by function:       
        Education      7,547,927
        Public welfare      10,552,819
        Hospitals      414,685
        Health      686,758
        Highways      2,752,694
       
        Police protection      407,951
        Correction      972,276
        Natural resources      272,138
        Parks and recreation      305,471
        Governmental administration      1,422,931
       
        Interest on general debt      2,779,802
        Other and unallocable      4,335,186
       
    Utility expenditure      213,063
    Liquor stores expenditure      0
    Insurance trust expenditure      4,318,252
       
Debt at end of fiscal year      57,163,315
       
Cash and security holdings      74,700,075

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
Created: December 2005
Last Revised:   January 5, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: January 20, 2011