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STATE GOVERNMENT FINANCES: 2007
STATE: MINNESOTA
(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      38,733,292
       
    General revenue      28,464,373
        Intergovernmental revenue      6,680,661
        Taxes      17,768,434
            General sales      4,470,596
            Selective sales      2,831,494
            License taxes      973,363
            Individual income tax      7,230,854
            Corporate income tax      1,183,816
            Other taxes      1,078,311
       
        Current charges      2,228,370
        Miscellaneous general revenue      1,786,908
       
    Utility revenue      0
    Liquor stores revenue      0
    Insurance trust revenue(1)      10,268,919
       
Total expenditure      31,880,478
    Intergovernmental expenditure      10,686,237
    Direct expenditure      21,194,241
        Current operation      14,855,123
        Capital outlay      1,449,984
        Insurance benefits and repayments      3,612,997
        Assistance and subsidies      784,705
        Interest on debt      491,432
Exhibit: Salaries and wages      4,619,074
       
Total expenditure      31,880,478
General expenditure      28,163,216
        Intergovernmental expenditure      10,686,237
        Direct expenditure      17,476,979
       
    General expenditure, by function:       
        Education      11,654,016
        Public welfare      8,415,365
        Hospitals      327,807
        Health      599,726
        Highways      1,861,145
       
        Police protection      327,884
        Correction      535,237
        Natural resources      482,422
        Parks and recreation      180,162
        Governmental administration      817,892
       
        Interest on general debt      491,432
        Other and unallocable      2,470,128
       
    Utility expenditure      104,265
    Liquor stores expenditure      0
    Insurance trust expenditure      3,612,997
       
Debt at end of fiscal year      8,866,611
       
Cash and security holdings      64,495,475

(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