Saturday, October 2, 2010

State Tax FY10 Update

On September 29, 2010 we applied the latest quarterly update on state taxes released by the Census Bureau. This means that we now display actual reported state taxes for Fiscal Year 2010 ending June 30, 2010.

The data used is Table 3, Latest Tax Collections by State. These numbers, for the quarter ending June 30, have been combined with the numbers for the three previous quarters and applied to individual state taxes for FY 2010. We have also estimated local tax collections by applying the percentage change from FY09 to FY10 for each state tax data item to the local FY09 value, and then "guesstimated" taxes, state and local, for each item out to FY15.

You can see the results at here. State taxes are shown in blue as actual, and local taxes are shown in black italic as estimated.

Note that fees and charges, and business revenue are not included in the Census Bureau update.