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STATE GOVERNMENT FINANCES: 2007
STATE: MICHIGAN
(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      61,839,541
       
    General revenue      47,590,376
        Intergovernmental revenue      13,083,153
        Taxes      23,848,753
            General sales      7,983,098
            Selective sales      3,618,995
            License taxes      1,375,194
            Individual income tax      6,442,678
            Corporate income tax      1,786,213
            Other taxes      2,642,575
       
        Current charges      6,136,099
        Miscellaneous general revenue      4,522,371
       
    Utility revenue      0
    Liquor stores revenue      742,595
    Insurance trust revenue(1)      13,506,570
       
Total expenditure      54,521,686
    Intergovernmental expenditure      19,395,333
    Direct expenditure      35,126,353
        Current operation      24,691,266
        Capital outlay      1,972,123
        Insurance benefits and repayments      6,102,316
        Assistance and subsidies      1,177,967
        Interest on debt      1,182,681
Exhibit: Salaries and wages      5,595,591
       
Total expenditure      54,521,686
General expenditure      47,815,335
        Intergovernmental expenditure      19,395,333
        Direct expenditure      28,420,002
       
    General expenditure, by function:       
        Education      21,420,912
        Public welfare      12,632,676
        Hospitals      2,055,355
        Health      1,071,617
        Highways      2,814,555
       
        Police protection      291,567
        Correction      1,788,716
        Natural resources      299,768
        Parks and recreation      88,213
        Governmental administration      1,003,876
       
        Interest on general debt      1,182,681
        Other and unallocable      3,165,399
       
    Utility expenditure      1,800
    Liquor stores expenditure      602,235
    Insurance trust expenditure      6,102,316
       
Debt at end of fiscal year      28,593,164
       
Cash and security holdings      91,241,901

(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