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STATE GOVERNMENT FINANCES: 2005
STATE: MICHIGAN
(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      55,481,834
       
    General revenue      45,715,284
        Intergovernmental revenue      12,992,812
        Taxes      23,525,187
            General sales      8,074,095
            Selective sales      3,459,949
            License taxes      1,339,931
            Individual income tax      6,108,924
            Corporate income tax      1,907,190
            Other taxes      2,635,098
       
        Current charges      5,444,213
        Miscellaneous general revenue      3,753,072
       
    Utility revenue      0
    Liquor stores revenue      688,927
    Insurance trust revenue(1)      9,077,623
       
Total expenditure      51,563,447
    Intergovernmental expenditure      19,307,932
    Direct expenditure      32,255,515
        Current operation      22,876,345
        Capital outlay      2,101,266
        Insurance benefits and repayments      5,186,050
        Assistance and subsidies      1,042,468
        Interest on debt      1,049,386
Exhibit: Salaries and wages      5,572,330
       
Total expenditure      51,563,447
General expenditure      45,820,236
        Intergovernmental expenditure      19,307,932
        Direct expenditure      26,512,304
       
    General expenditure, by function:       
        Education      20,586,688
        Public welfare      12,126,354
        Hospitals      1,911,123
        Health      972,325
        Highways      2,762,961
       
        Police protection      324,129
        Correction      1,674,237
        Natural resources      350,860
        Parks and recreation      88,184
        Governmental administration      1,002,674
       
        Interest on general debt      1,049,386
        Other and unallocable      2,971,315
       
    Utility expenditure      0
    Liquor stores expenditure      557,161
    Insurance trust expenditure      5,186,050
       
Debt at end of fiscal year      24,361,660
       
Cash and security holdings      84,071,503

(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