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STATE GOVERNMENT FINANCES: 2005
STATE: CONNECTICUT
(Thousand Dollars)
 
Source: 2005 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/05_methodology.pdf.

Item       Amount      
Total revenue      20,456,647
       
    General revenue      18,563,229
        Intergovernmental revenue      3,963,052
        Taxes      11,584,728
            General sales      3,267,726
            Selective sales      1,860,437
            License taxes      377,130
            Individual income tax      5,033,442
            Corporate income tax      574,984
            Other taxes      471,009
       
        Current charges      1,479,875
        Miscellaneous general revenue      1,535,574
       
    Utility revenue      24,423
    Liquor stores revenue      0
    Insurance trust revenue(1)      1,868,995
       
Total expenditure      19,926,096
    Intergovernmental expenditure      3,534,857
    Direct expenditure      16,391,239
        Current operation      11,190,266
        Capital outlay      1,165,577
        Insurance benefits and repayments      2,510,670
        Assistance and subsidies      395,706
        Interest on debt      1,129,020
Exhibit: Salaries and wages      3,587,753
       
Total expenditure      19,926,096
General expenditure      17,159,028
        Intergovernmental expenditure      3,534,857
        Direct expenditure      13,624,171
       
    General expenditure, by function:       
        Education      4,810,466
        Public welfare      4,658,899
        Hospitals      1,133,098
        Health      733,296
        Highways      804,015
       
        Police protection      172,952
        Correction      583,773
        Natural resources      87,610
        Parks and recreation      84,464
        Governmental administration      981,560
       
        Interest on general debt      1,129,020
        Other and unallocable      1,979,875
       
    Utility expenditure      256,398
    Liquor stores expenditure      0
    Insurance trust expenditure      2,510,670
       
Debt at end of fiscal year      23,206,030
       
Cash and security holdings      34,391,465

(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: February 7, 2007
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