State Government Finances Viewable Data

STATE GOVERNMENT FINANCES: 2005

STATE: MASSACHUSETTS

(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

Item	Amount
Total revenue	42,053,725

General revenue	34,816,054
Intergovernmental revenue	8,411,480
Taxes	18,034,862
General sales	3,890,945
Selective sales	1,911,557
License taxes	686,456
Individual income tax	9,690,270
Corporate income tax	1,332,796
Other taxes	522,838

Current charges	3,178,872
Miscellaneous general revenue	5,190,840

Utility revenue	139,478
Liquor stores revenue	0
Insurance trust revenue(1)	7,098,193

Total expenditure	37,624,779
Intergovernmental expenditure	7,271,036
Direct expenditure	30,353,743
Current operation	20,566,628
Capital outlay	2,414,506
Insurance benefits and repayments	3,805,742
Assistance and subsidies	622,773
Interest on debt	2,944,094
Exhibit: Salaries and wages	4,196,466

Total expenditure	37,624,779
General expenditure	33,600,534
Intergovernmental expenditure	7,271,036
Direct expenditure	26,329,498

General expenditure, by function:
Education	8,412,001
Public welfare	10,390,068
Hospitals	421,870
Health	900,201
Highways	1,702,086

Police protection	452,030
Correction	1,018,145
Natural resources	269,491
Parks and recreation	208,844
Governmental administration	1,418,476

Interest on general debt	2,873,170
Other and unallocable	5,534,152

Utility expenditure	218,503
Liquor stores expenditure	0
Insurance trust expenditure	3,805,742

Debt at end of fiscal year	60,011,937

Cash and security holdings	81,692,130

(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

State Government Finances