State Government Finances Viewable Data

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

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

State Government Finances