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STATE GOVERNMENT FINANCES: 2004
STATE: MICHIGAN
(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      55,557,297
       
    General revenue      44,876,013
        Intergovernmental revenue      13,398,823
        Taxes      22,647,281
            General sales      7,894,458
            Selective sales      2,949,792
            License taxes      1,545,457
            Individual income tax      5,873,365
            Corporate income tax      1,841,010
            Other taxes      2,543,199
       
        Current charges      5,396,954
        Miscellaneous general revenue      3,432,955
       
    Utility revenue      0
    Liquor stores revenue      675,747
    Insurance trust revenue(1)      10,005,537
       
Total expenditure      52,489,571
    Intergovernmental expenditure      19,035,055
    Direct expenditure      33,454,516
        Current operation      23,475,665
        Capital outlay      2,126,352
        Insurance benefits and repayments      5,627,428
        Assistance and subsidies      1,128,128
        Interest on debt      1,096,943
Exhibit: Salaries and wages      5,956,780
       
Total expenditure      52,489,571
General expenditure      46,312,233
        Intergovernmental expenditure      19,035,055
        Direct expenditure      27,277,178
       
    General expenditure, by function:       
        Education      20,449,929
        Public welfare      9,950,158
        Hospitals      1,812,750
        Health      3,350,239
        Highways      2,936,147
       
        Police protection      295,537
        Correction      1,637,305
        Natural resources      453,032
        Parks and recreation      125,377
        Governmental administration      949,783
       
        Interest on general debt      1,096,943
        Other and unallocable      3,255,033
       
    Utility expenditure      0
    Liquor stores expenditure      549,910
    Insurance trust expenditure      5,627,428
       
Debt at end of fiscal year      25,017,987
       
Cash and security holdings      76,823,817

(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