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State Government Finances

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STATE GOVERNMENT FINANCES: 2008
STATE: VIRGINIA
(Thousand Dollars)
 
Source: 2008 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/08_methodology.pdf.

Item       Amount      
Total revenue      36,147,599
       
    General revenue      36,056,759
        Intergovernmental revenue      7,404,341
        Taxes      18,322,873
            General sales      3,571,486
            Selective sales      2,436,546
            License taxes      653,076
            Individual income tax      10,114,833
            Corporate income tax      787,229
            Other taxes      759,703
       
        Current charges      6,367,181
        Miscellaneous general revenue      3,962,364
       
    Utility revenue      0
    Liquor stores revenue      533,023
    Insurance trust revenue(1)      -442,183
       
Total expenditure      39,879,609
    Intergovernmental expenditure      11,052,058
    Direct expenditure      28,827,551
        Current operation      21,125,768
        Capital outlay      2,730,605
        Insurance benefits and repayments      2,834,682
        Assistance and subsidies      1,253,817
        Interest on debt      882,679
Exhibit: Salaries and wages      6,214,596
       
Total expenditure      39,879,609
General expenditure      36,415,455
        Intergovernmental expenditure      11,052,058
        Direct expenditure      25,363,397
       
    General expenditure, by function:       
        Education      14,053,415
        Public welfare      7,354,674
        Hospitals      2,849,911
        Health      958,002
        Highways      3,146,902
       
        Police protection      689,989
        Correction      1,547,571
        Natural resources      214,336
        Parks and recreation      148,721
        Governmental administration      1,233,436
       
        Interest on general debt      882,679
        Other and unallocable      3,335,819
       
    Utility expenditure      184,920
    Liquor stores expenditure      444,552
    Insurance trust expenditure      2,834,682
       
Debt at end of fiscal year      21,875,483
       
Cash and security holdings      81,476,069

(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: December 2, 2009
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