Friday, September 21, 2018

State FY18 Taxes Update

On September 20, 2018 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.

$ billionFY2018
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.

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