Friday, October 1, 2021

State FY21 Taxes Update

On October 1, 2021 usgovernmentspending.com updated FY2021 state revenue with quarterly tax data released by the US Census Bureau on September 8, 2021.  Local tax data was updated by assuming that local taxes for 2021 changed by the same percent as state taxes of the same type.

$ billionFY2021
Estimate
FY2021
Actual
State Income Tax Revenue$509$608
Total State Revenue$2,044$2,120


State and local spending projections for FY2022 to FY2026 have been reestimated using the "Guesstimate" method.

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