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STATE GOVERNMENT FINANCES: 2007
STATE: NEW JERSEY
(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      65,908,594
       
    General revenue      50,159,966
        Intergovernmental revenue      11,494,946
        Taxes      29,487,862
            General sales      8,609,639
            Selective sales      3,571,164
            License taxes      1,497,110
            Individual income tax      11,727,192
            Corporate income tax      2,887,137
            Other taxes      1,195,620
       
        Current charges      4,909,172
        Miscellaneous general revenue      4,267,986
       
    Utility revenue      773,920
    Liquor stores revenue      0
    Insurance trust revenue(1)      14,974,708
       
Total expenditure      56,080,207
    Intergovernmental expenditure      10,671,445
    Direct expenditure      45,408,762
        Current operation      29,400,018
        Capital outlay      4,034,822
        Insurance benefits and repayments      9,095,827
        Assistance and subsidies      942,007
        Interest on debt      1,936,088
Exhibit: Salaries and wages      9,698,478
       
Total expenditure      56,080,207
General expenditure      44,924,719
        Intergovernmental expenditure      10,671,445
        Direct expenditure      34,253,274
       
    General expenditure, by function:       
        Education      14,867,811
        Public welfare      11,895,707
        Hospitals      1,957,266
        Health      1,311,145
        Highways      2,615,630
       
        Police protection      525,964
        Correction      1,489,950
        Natural resources      537,755
        Parks and recreation      415,141
        Governmental administration      1,774,230
       
        Interest on general debt      1,931,092
        Other and unallocable      5,603,028
       
    Utility expenditure      2,059,661
    Liquor stores expenditure      0
    Insurance trust expenditure      9,095,827
       
Debt at end of fiscal year      51,384,806
       
Cash and security holdings      118,338,402

(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