State and Local Finances for FY 2015

On October 10, 2017 we updated the state and local spending and revenue for FY 2015 using the new Census Bureau State and Local Government Finances summaries for FY 2015 released on September 7, 2017.  This includes state and local spending for the United States as a whole and the 50 individual states and the District of Columbia.

State and local spending and revenue for FY2015 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2015 was actual, and local spending and revenue was estimated.  The following table shows the difference between estimated and actual local spending and revenue for FY2015:

FY 2015	Estimated $ billion	Actual $ billion
Local Spending	$1,701	$1,763
Local Revenue	$1,268	$1,206

The Census Bureau has also updated state and local finances for 2012, 2013 and 2014, as follows:

	FY 2012 Previous $ billion	FY 2012 Latest $ billion	FY 2013 Previous $ billion	FY 2013 Latest $ billion	FY 2014 Previous $ billion	FY 2014 Latest $ billion
State Spending	$1,497	$1,497	$1,517	$1,517	$1,552	$1,550
Local Spending	$1,650	$1,651	$1,658	$1,662	$1,707	$1,711
State Revenue	$1,366	$1,366	$1,666	$1,668	$1,811	$1,814
Local Revenue	$1,077	$1,077	$1,155	$1,155	$1,221	$1,229

We have updated the "guesstimated" state and local finances for FY2016-22 as indicated in our "guesstimate" blog entries.