State FY18 Taxes Update

On September 20, 2018 usgovernmentspending.com updated FY2018 state revenue with quarterly tax data released by the US Census Bureau on September 13, 2018.  Local tax data was updated by assuming that local taxes for 2018 changed by the same percent as state taxes of the same type.

$ billion	FY2018 Estimate	FY2018 Actual
State Income Tax Revenue	$406	$441
Total State Revenue	$1,545	$1,601

State and local spending projections for FY2019 to FY2023 have been reestimated using the "Guesstimate" method.

State and Local Finances for FY 2016

On September 16, 2018 we updated the state and local spending and revenue for FY 2016 using the new Census Bureau State and Local Government Finances summaries for FY 2016 released on September 12, 2018.  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 FY2016 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2016 were actual, and local spending and revenue were estimated.  The following table shows the difference between estimated and actual local spending and revenue for FY2016:

FY 2016	Estimated $ billion	Actual $ billion
Local Spending	$1,784	$1,814
Local Revenue	$1,229	$1,212

The Census Bureau has also updated state and local finances for 2012, 2013, 2014 and 2015, 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	FY 2015 Previous $ billion	FY 2015 Latest $ billion
State Spending	$1,497	$1,501	$1,517	$1,517	$1,550	$1,550	$1,634	$1,636
Local Spending	$1,651	$1,649	$1,662	$1,661	$1,712	$1,710	$1,763	$1,762
State Revenue	$1,368	$1,360	$1,668	$1,659	$1,814	$1,828	$1,554	$1,499
Local Revenue	$1,077	$1,076	$1,155	$1,155	$1,229	$1,221	$1,206	$1,212

We have updated the "guesstimated" state and local finances for FY2017-23 as indicated in our "guesstimate" blog entries.