Saturday, October 6, 2012

State Tax FY12 Update

On October 6, 2012 usgovernmentspending.com updated FY2012 state revenue with quarterly tax data from the US Census Bureau.  Local tax data was updated by assuming that local taxes for 2012  changed by the same percent as state taxes of the same type.

"Guesstimated" spending and revenue for state and local government for FY 2011 through FY 2017 was updated using the method described in "Change to 'Guesstimated' State and Local Spending", by projecting the rate of change for each spending or revenue item between FY 2009 and FY 2010 forwards to FY 2017.

The following table shows "guesstimated" US state and local total spending and total revenue before and after the change.

Spending
$ billion
FY 2011FY 2012FY 2013
Before3,0633,0673,167
After3,1903,2433,291

Revenue
$ billion
FY 2011FY 2012FY 2013
Before2,5492,6192,748
After2,5472,5532,613

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