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STATE GOVERNMENT FINANCES: 2005
STATE: NEW JERSEY
(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      52,661,668
       
    General revenue      42,184,082
        Intergovernmental revenue      10,258,349
        Taxes      24,247,648
            General sales      6,552,200
            Selective sales      3,619,799
            License taxes      1,289,107
            Individual income tax      9,537,939
            Corporate income tax      2,224,633
            Other taxes      1,023,970
       
        Current charges      4,608,862
        Miscellaneous general revenue      3,069,223
       
    Utility revenue      644,986
    Liquor stores revenue      0
    Insurance trust revenue(1)      9,832,600
       
Total expenditure      50,964,235
    Intergovernmental expenditure      10,642,426
    Direct expenditure      40,321,809
        Current operation      26,997,041
        Capital outlay      3,283,823
        Insurance benefits and repayments      8,100,567
        Assistance and subsidies      489,434
        Interest on debt      1,450,944
Exhibit: Salaries and wages      8,046,168
       
Total expenditure      50,964,235
General expenditure      40,560,870
        Intergovernmental expenditure      10,642,426
        Direct expenditure      29,918,444
       
    General expenditure, by function:       
        Education      13,185,175
        Public welfare      11,517,678
        Hospitals      1,673,764
        Health      1,033,702
        Highways      2,240,664
       
        Police protection      507,167
        Correction      1,382,007
        Natural resources      362,890
        Parks and recreation      436,736
        Governmental administration      1,697,527
       
        Interest on general debt      1,445,622
        Other and unallocable      5,077,938
       
    Utility expenditure      2,302,798
    Liquor stores expenditure      0
    Insurance trust expenditure      8,100,567
       
Debt at end of fiscal year      42,313,155
       
Cash and security holdings      94,925,957

(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