STATISTICS: STATE AND LOCAL FINANCE        
                                 803




                       PUBLIC INDEBTEDNESS IN WISCONSIN
              State of Wisconsin, State Authorities, and Revenue Bonds
                                             (In Thousands)

                      Outstanding State Indebtedness, May 31, 1997

                                                   Tax Supported Debt   
 Revenue Supported Debt2
                                                   General   Segregated 
     Veterans
Type of Debt1                                         Fund       Funds3 
     Housing      Other4          Total
General Obligations - State of Wisconsin......... $2,335,648  $46,586  $569,000
  $284,442    $3,235,676
Nonstock, nonprofit corporations
   Wisconsin University Building Corporation ....                       
                     365           365
   Wisconsin State Colleges Building Corporation .                      
                    1,275         1,275
     TOTAL...............................     $2,335,648    $46,586     $569,000
   $286,082   $3,237,316
1Amendment of the state constitution in April 1969 permitted direct state
borrowing. Previously, debt was incurred through the
   public, nonstock, nonprofit building corporations, which now exist only
to retire their outstanding obligations.
2Revenue supported debt includes debt that is issued with initial expectation
that revenues and other proceeds from the operation
   of the programs or facilities financed will amortize the debt without
recourse to the general fund.
3Includes the Transportation Fund and certain administrative facilities for
the Wisconsin Department of Natural Resources.
4Includes dormitories, food service and intercollegiate athletic facilities;
certain facilities on the State Fair grounds; and capital
   equipment.
Source: Wisconsin Department of Administration, Division of State Executive
Budget and Planning, departmental data, June 1997.


                    Selected Data on State Indebtedness, 1970 - 1996

                          Outstanding State Indebtedness (Dec.31)
                                                    As Percent of       
               Actual          Debt as
                                                    State Assessed    Annual
Debt        Debt          Percent of
Calendar Year             Total         Per Capita      Value         Limitation*
     Incurred       Limitation
1970 ...............     $646,614         $146.31        1.86%         $260,929
        $156,810         60.1%
1975 ...............     1,078,215         235.47        1.84           439,124
         217,600         49.6
1980 ...............     1,916,177         407.18        1.77           813,604
         123,500         15.2
1985 ...............     2,410,628         507.18        1.96           922,661
         440,955         47.8
1986 ...............     2,378,659         499.51        1.97           904,311
         285,985         31.6
1987 ...............     2,351,368         491.40        1.93           914,127
          46,480          5.1
1988 ...............     2,403,069         497.32        1.90           949,407
         247,155         26.0
1989 ...............     2,566,496         527.33        1.93           999,046
         218,535         21.9
1990 ...............     2,781,071         568.49        1.97          1,060,277
        484,099         45.7
1991 ...............     3,126,390         631.85        2.07          1,131,958
        359,716         31.8
1992 ...............     3,065,122         613.52        1.92          1,196,903
        427,655         35.7
1993 ...............     3,104,055         615.27        1.81          1,287,579
        129,325         10.0
1994 ...............     3,244,079         637.97        1.75          1,387,461
        289,810         20.9
1995 ...............     3,305,471         645.35        1.64          1,511,536
        368,322         24.4
1996 ...............     3,468,447         672.18        1.60          1,627,078
        353,295         21.7
*An aggregate debt limit is derived for each calendar year through a formula
specified in Section 18.05, Wisconsin Statutes.
Source: Wisconsin Department of Administration, Division of State Executive
Budget and Planning, departmental data, June 1997.
                                   State Authority Indebtedness

                                                                        
       Total Outstanding Indebtedness
                                                                        
             of State Authorities
Wisconsin Health and Educational Facilities Authority..........................
 $3,179,198  (10/31/96)
Wisconsin Housing and Economic Development Authority ......................
 1,935,282  (4/30/97)
Source: Wisconsin Department of Administration, Division of State Executive
Budget and Planning, departmental data, June 1997.


                    State Revenue Bond Indebtedness, May 31, 1997

Program Funded                                          Authorizing Statute
Amount Authorized*    Amount Issued
Student loans......................................      Section 39.37  
       $295,000             $215,000
Veterans mortgage loans ............................     Section 45.79  
        280,000               90,055
Transportation facilities and highway projects............  Section 84.59
 1,123,638          1,069,663
Health education loans...............................    Section 39.374 
         92,000               81,257
Property tax deferral loans............................  Section 77.67  
    10,000
Clean water.......................................       Section 144.2415
      1,297,755             469,345
   TOTAL........................................                        
     $3,098,393           $1,925,320
Note: Revenue bonding debt is authorized by Sections 18.51 to 18.63, Wisconsin
Statutes. This debt is not a legal obligation of the
   state and is not tubject to existing debt limitations. Revenue bonds are
issued for purposes and amounts specifically authorized
   by the legislature.
*The authorized amount excludes obligations issued to refund outstanding
revenue obligations and notes.
Source: Wisconsin Department of Administration, Division of State Executive
Budget and Planning, departmental data, June 1997.