State FY25 Taxes Update

On November 22, 2025 usgovernmentspending.com updated FY2025 state revenue with quarterly tax data released by the US Census Bureau on September 2, 2025.  Local tax data was updated by assuming that local taxes for 2024 changed by the same percent as state taxes of the same type.

$ billion	FY2025 Estimate	FY2025 Actual
State Income Tax Revenue	$908	$798
Total State Revenue	$2,815	$3.072

State and local spending projections for FY2026 to FY2029 have been reestimated using the "Guesstimate" method.

Gross State Product for 2024

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2024 on March 29, 2025.

Usgovernmentspending.com has updated its individual state GSPs for 2023 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2025 Budget and the historical GDP data series from the BEA as a baseline.

Click here to view a complete list of US states and their 2023 GSP growth rates.

Process:

1. Click on link.
2. Click on "Interactive Data" link
3. Click on "Interactive Tables: GDP by State" link
4. Click on "Annual Gross Domestic Product (GDP) by State"
5. Click on "Summary Tables for GDP, personal income, and related data."
6. Click on "SASUMMARY"
7. Area: Select "All Areas"
8. Statistic: Select "Real GDP..." and "Gross Domestic Product (GDP..."
9. Click on Next Step button
10. Time Period: Select "All Years"
11. Click on Next Step button
12. Click on Download button
13. Select CSV