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STATE GOVERNMENT FINANCES: 2007
STATE: MASSACHUSETTS
(Thousand Dollars)
 
Source: 2007 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/07_methodology.pdf.

Item       Amount      
Total revenue      49,315,286
       
    General revenue      38,598,161
        Intergovernmental revenue      9,606,178
        Taxes      20,694,676
            General sales      4,075,549
            Selective sales      1,930,395
            License taxes      693,525
            Individual income tax      11,399,649
            Corporate income tax      2,106,898
            Other taxes      488,660
       
        Current charges      3,537,308
        Miscellaneous general revenue      4,759,999
       
    Utility revenue      172,120
    Liquor stores revenue      0
    Insurance trust revenue(1)      10,545,005
       
Total expenditure      44,033,609
    Intergovernmental expenditure      8,909,899
    Direct expenditure      35,123,710
        Current operation      24,178,245
        Capital outlay      2,452,324
        Insurance benefits and repayments      4,377,921
        Assistance and subsidies      662,936
        Interest on debt      3,452,284
Exhibit: Salaries and wages      4,782,098
       
Total expenditure      44,033,609
General expenditure      39,407,867
        Intergovernmental expenditure      8,909,899
        Direct expenditure      30,497,968
       
    General expenditure, by function:       
        Education      10,661,614
        Public welfare      12,629,236
        Hospitals      512,551
        Health      952,721
        Highways      1,735,159
       
        Police protection      567,989
        Correction      1,217,913
        Natural resources      336,316
        Parks and recreation      231,553
        Governmental administration      1,642,928
       
        Interest on general debt      3,365,770
        Other and unallocable      5,554,117
       
    Utility expenditure      247,821
    Liquor stores expenditure      0
    Insurance trust expenditure      4,377,921
       
Debt at end of fiscal year      68,447,547
       
Cash and security holdings      99,048,858

(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: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011