Skip header section
US Census Bureau
People Business Geography Newsroom Subjects A to Z Search@Census
 

State Government Finances

Skip top of page navigation
You are here: Census.gov › Business & Industry › Federal, State, & Local Governments › State Government Finances › Viewable Data
STATE GOVERNMENT FINANCES: 2007
STATE: NORTH CAROLINA
(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      50,940,593
       
    General revenue      41,439,572
        Intergovernmental revenue      12,330,364
        Taxes      22,612,798
            General sales      5,202,423
            Selective sales      3,663,582
            License taxes      1,338,413
            Individual income tax      10,588,951
            Corporate income tax      1,565,544
            Other taxes      253,885
       
        Current charges      3,634,077
        Miscellaneous general revenue      2,862,333
       
    Utility revenue      103
    Liquor stores revenue      0
    Insurance trust revenue(1)      9,500,918
       
Total expenditure      43,051,173
    Intergovernmental expenditure      12,499,778
    Direct expenditure      30,551,395
        Current operation      22,289,541
        Capital outlay      3,215,202
        Insurance benefits and repayments      4,122,309
        Assistance and subsidies      317,556
        Interest on debt      606,787
Exhibit: Salaries and wages      7,549,959
       
Total expenditure      43,051,173
General expenditure      38,777,593
        Intergovernmental expenditure      12,499,778
        Direct expenditure      26,277,815
       
    General expenditure, by function:       
        Education      16,547,989
        Public welfare      10,013,903
        Hospitals      1,371,677
        Health      1,433,040
        Highways      2,998,418
       
        Police protection      593,039
        Correction      1,271,328
        Natural resources      668,826
        Parks and recreation      269,981
        Governmental administration      1,052,968
       
        Interest on general debt      606,787
        Other and unallocable      1,949,637
       
    Utility expenditure      151,271
    Liquor stores expenditure      0
    Insurance trust expenditure      4,122,309
       
Debt at end of fiscal year      19,245,613
       
Cash and security holdings      97,916,809

(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