STATES' INCOME EXCEEDS SPENDING BY $33 BILLION

January 14, 1993

State governmental revenue in fiscal 1991 rose by 4.6 percent over the prior fiscal year to $661.4 billion. While total expenditures jumped by 9.8 percent to $628.6 billion, according to tax and business law publisher Commerce Clearing House. Total state government revenue-over-spending was $32.8 billion, down from $60.1 billion in 1990.