State Finances for FY2017

On May 3, 2019 the US Census Bureau released data on state finances for FY 2017 here, including spending and revenue for each individual state and for all states combined.

On May 3, 2019 we updated state and local spending and revenue data for FY2018 through FY2024 as follows:

1. We replaced "guesstimated" state spending and revenue data for FY2017 using the new FY2017 data from the Census Bureau.
2. We replaced "guesstimated" local spending and revenue data for FY 20176 with estimates for each spending and revenue category using the trends in state finances between FY 2016 and FY 2017.
3. We replaced "guesstimated" state revenue data for FY 2018 with data from the Census Bureau's quarterly state tax summary here.
4. We replaced "guesstimated" local revenue data for FY 2018 with estimates for each category using trends for each category of state revenue between FY 2016 and FY 2017.
5. We replaced "guesstimated" state and local spending and revenue for FY 2018 thru FY2024 with new guesstimates based on the latest Census Bureau data for FY 2017 state finances and FY 2018 quarterly tax data.

State Finances for FY2017
Estimate vs. Actual

$ billion	Guesstimate	Actual
Spending	$1,752	$1,769
Revenue	$1,520	$1,894

We expect the Census Bureau to release local spending and revenue data for FY 2017 not earlier than Summer 2019.