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State Government Finances

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STATE GOVERNMENT FINANCES: 2007
STATE: VIRGINIA
(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      47,232,597
       
    General revenue      35,222,316
        Intergovernmental revenue      6,865,143
        Taxes      18,666,687
            General sales      3,634,588
            Selective sales      2,461,354
            License taxes      673,592
            Individual income tax      10,238,776
            Corporate income tax      879,575
            Other taxes      778,802
       
        Current charges      5,887,307
        Miscellaneous general revenue      3,803,179
       
    Utility revenue      0
    Liquor stores revenue      502,403
    Insurance trust revenue(1)      11,507,878
       
Total expenditure      36,774,042
    Intergovernmental expenditure      10,458,913
    Direct expenditure      26,315,129
        Current operation      19,341,879
        Capital outlay      2,315,170
        Insurance benefits and repayments      2,651,593
        Assistance and subsidies      1,184,514
        Interest on debt      821,973
Exhibit: Salaries and wages      5,795,140
       
Total expenditure      36,774,042
General expenditure      33,652,244
        Intergovernmental expenditure      10,458,913
        Direct expenditure      23,193,331
       
    General expenditure, by function:       
        Education      13,185,813
        Public welfare      6,982,641
        Hospitals      2,541,320
        Health      923,838
        Highways      2,633,577
       
        Police protection      661,221
        Correction      1,425,372
        Natural resources      211,510
        Parks and recreation      166,471
        Governmental administration      1,133,538
       
        Interest on general debt      821,973
        Other and unallocable      2,964,970
       
    Utility expenditure      59,930
    Liquor stores expenditure      410,275
    Insurance trust expenditure      2,651,593
       
Debt at end of fiscal year      19,683,529
       
Cash and security holdings      79,117,816

(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