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State Government Finances

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STATE GOVERNMENT FINANCES: 2007
STATE: TENNESSEE
(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      29,435,966
       
    General revenue      24,778,159
        Intergovernmental revenue      8,341,938
        Taxes      11,390,037
            General sales      6,772,468
            Selective sales      1,591,517
            License taxes      1,270,137
            Individual income tax      249,145
            Corporate income tax      1,120,422
            Other taxes      386,348
       
        Current charges      1,817,395
        Miscellaneous general revenue      3,228,789
       
    Utility revenue      9
    Liquor stores revenue      0
    Insurance trust revenue(1)      4,657,798
       
Total expenditure      24,824,444
    Intergovernmental expenditure      6,034,661
    Direct expenditure      18,789,783
        Current operation      14,054,899
        Capital outlay      1,727,797
        Insurance benefits and repayments      1,657,069
        Assistance and subsidies      1,147,708
        Interest on debt      202,310
Exhibit: Salaries and wages      3,653,960
       
Total expenditure      24,824,444
General expenditure      23,162,102
        Intergovernmental expenditure      6,034,661
        Direct expenditure      17,127,441
       
    General expenditure, by function:       
        Education      7,860,649
        Public welfare      8,067,623
        Hospitals      393,670
        Health      1,207,735
        Highways      1,912,756
       
        Police protection      140,725
        Correction      769,362
        Natural resources      282,659
        Parks and recreation      148,692
        Governmental administration      687,321
       
        Interest on general debt      202,310
        Other and unallocable      1,488,600
       
    Utility expenditure      5,273
    Liquor stores expenditure      0
    Insurance trust expenditure      1,657,069
       
Debt at end of fiscal year      4,141,541
       
Cash and security holdings      38,984,944

(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