Quarterly Business Review

2nd Quarter, 1997

_____________________________________________________________________________________________
TABLE 7:  
PUBLIC UTILITY TAX
GROSS INCOME, TAXABLE INCOME & TAXDUE
STATEWIDE AMOUNTS BY INDUSTRY (SIC)
__________________________________________________________________________________________
__________________________________________________________________________________________
                                             OPERATING INCOME SUBJECT TO TAX      ACCRUED
       TYPE OF UTILITY                           GROSS            TAXABLE        STATE TAX
__________________________________________________________________________________________

WATER DISTRIBUTION...........    5.029%      $108,850,555      $103,957,803     $5,223,396
  WATER SUPPLY ..............                  93,264,919        88,787,271      4,462,102
  MISCELLANEOUS .............                  15,585,636        15,170,532        761,294

SEWER COLLECTION.............    3.852         72,006,489        39,132,794      1,506,937
  SEWERAGE SYSTEMS...........                  44,280,328        17,974,590        692,150
  MISCELLANEOUS .............                  27,726,161        21,158,204        814,787

EXPRESS .....................    3.852          1,121,009           421,314         16,229
  
POWER .......................    3.873        870,328,473       738,042,956     28,584,390

GAS DISTRIBUTION/TELEGRAPH ..    3.852        154,458,568       143,304,096      5,519,798
  TELEGRAPH .................                       1,517             1,320              -
  GAS .......................                  44,268,814        39,835,341      1,534,457
  GAS/ELECTRIC ..............                  14,012,155        13,964,793        537,925
  MISCELLANEOUS .............                  96,176,082        89,502,642      3,447,416

MOTOR TRANSPORTATION ........    1.926        902,362,411       176,463,067      3,384,008
  MANUFACTURING .............                  27,605,059        13,434,480        257,046
  LOCAL/SUBURBAN TRANSIT ....                  36,468,246         8,932,578        171,495
  TRUCKING ..................                 485,680,499       117,159,076      2,247,672
  RAILROADS .................                 147,454,104         8,549,245        164,659
  MISCELLANEOUS .............                 205,154,503        28,483,245        543,136

URBAN TRANSPORTATION ........    0.642         90,295,359        72,256,571        461,484
  LOCAL/SUBURBAN TRANSIT ....                  25,889,986        14,718,726         93,770
  TRUCKING ..................                  48,271,182        42,884,734        274,451
  MISCELLANEOUS .............                  16,134,191        14,653,111         93,263

OTHER PUBLIC SERVICE ........    1.926        112,298,343        33,599,048        646,478
  WATER TRANSPORT ...........                  94,460,884        23,929,099        460,731
  MISCELLANEOUS .............                  17,837,459         9,669,949        185,747 

TOTAL........................              $2,311,721,207    $1,307,273,206    $45,342,720
__________________________________________________________________________________________