Tuesday, February 3, 2015

State Finances for FY 2013

On February 3, 2015 the US Census Bureau released data on state finances for FY 2013 here, including spending and revenue for each individual state and for all states combined.

On February 3, 2015 we updated state and local spending and revenue data for FY2013 through FY2020 as follows:
  1. We replaced "guesstimatedstate spending and revenue data for FY2013 using the new FY2013 data from the Census Bureau.
  2. We replaced "guesstimatedlocal spending and revenue data for FY 2013 with estimates for each spending and revenue category using the trends in state finances between FY 2012 and FY 2013.
  3. We replaced "guesstimatedstate revenue data for FY 2014 with data from the Census Bureau's quarterly state tax summary here.
  4. We replaced "guesstimatedlocal revenue data for FY 2014 with estimates for each category using trends for each category of state revenue between FY 2013 and FY 2014.
  5. We replaced "guesstimated" state and local spending and revenue for FY 2014 thru FY2020 with new guesstimates based on the latest Census Bureau data for FY 2013 state finances and FY 2014 quarterly tax data.
We expect the Census Bureau to release local spending and revenue data for FY 2013 not earlier than Summer 2015.

Monday, February 2, 2015

Federal Budget for FY16 Released

On February 2, 2015, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2016. Actual revenue for FY 2014 and estimated revenue through FY 2020 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2014 and estimated spending at the subfunction level through FY 2020 comes from Table 3.2. Budget Authority estimates come from Table 5.1, federal debt estimates come from Table 7.1 and GDP estimates come from Table 10.1. Intergovernmental transfers come from Table 12.3.

Here is how headline budget estimates for the upcoming FY 2016 fiscal year have changed since the release of the FY 2015 budget a year ago in 2014.

FY 2016 Federal Budget Changes Since 2014
$ billionFY15 EstimateFY16 EstimateChange
Federal Outlays$4,099.1$3,999.5-$99.6
Federal Receipts$3,568.0$3,525.2-$42.8
Federal Deficit$531.1$474.3-$56.8

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2020 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on February 2, 2015.

Account level budget authority estimates through FY 2020 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on February 2, 2015.

Wednesday, December 24, 2014

US, State Population Update for 2014

On December 24, 2014 the US Census Bureau released its national and state population estimates for 2014.  On December 24, 2014 usgovernmentspending.com updated its US and state population data as follows:
  • We updated 2014 population data for US and states using data from US Census Bureau Population Estimates: vintage 2014 in file NST-EST2014-01.xls.
  • We projected 2014 thru 2019 for US and states assuming population rate change for 2013-24.
  • We updated 2015 thru 2019 for US using data from US Census Bureau 2012 National Population Projections in file NP2014-T1.xls.
usgovernmentspending.com uses population data in computing per capita spending and revenue data.  You can see per capita spending data in a chart here, and in a table of spending here.

You can check the data update schedule here.