State and Local Finances for FY 2014

On December 10, 2016 we updated the state and local spending and revenue for FY 2014 using the newly Census Bureau State and Local Government Finances summaries for FY 2014 released on December 9, 2016.  This includes state and local spending for the United States as a whole and individual states and the District of Columbia.

State and local spending and revenue for FY2014 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2014 was actual, and local spending and revenue was estimated.  The following table shows the difference between estimated and actual local spending and revenue for FY2014:

FY 2014	Estimated $ billion	Actual $ billion
Local Spending	$1,701	$1,707
Local Revenue	$1,252	$1,169

The Census Bureau has also updated state and local finances for 2012 and 2013, as follows:

	FY 2012 Previous $ billion	FY 2012 Latest $ billion	FY 2013 Previous $ billion	FY 2013 Latest $ billion
State Spending	$1,500	$1,497	$1,517	$1,517
Local Spending	$1,647	$1,650	$1,684	$1,658
State Revenue	$1,373	$1,366	$1,666	$1,666
Local Revenue	$1,076	$1,077	$1,169	$1,155

We have updated the "guesstimated" state and local finances for FY2015-21 as indicated in our "guesstimate" blog entries.