Saturday, November 22, 2025

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.


$ billionFY2025
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.

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