State Finances for FY 2012

On January 23, 2014 the US Census Bureau released data on state finances for FY 2012 here, including spending and revenue for each individual state and for all states combined.

On January 23, 2014 we updated state and local spending and revenue data for FY2012 through FY2018 as follows:

1. We replaced "guesstimated" state spending and revenue data for FY2012 using the new FY2012 data from the Census Bureau.
2. We replaced "guesstimated" local spending and revenue data for FY 2012 with estimates for each spending and revenue category using the trends in state finances between FY 2011 and FY 2012.
3. We replaced "guesstimated" state revenue data for FY 2013 with data from the Census Bureau's quarterly state tax summary here.
4. We replaced "guesstimated" local revenue data for FY 2013 with estimates for each category using trends for each category of state revenue between FY 2012 and FY 2013.
5. We replaced "guesstimated" state and local spending and revenue for FY 2014 thru FY2018 with new guesstimates based on the latest Census Bureau data for FY 2012 state finances and FY 2013 quarterly tax data.

The Census Bureau expects to release local spending and revenue data for FY 2012 in Summer 2014.