Friday, December 9, 2022

State FY22 Taxes Update

On December 9, 2022 usgovernmentspending.com updated FY2022 state revenue with quarterly tax data released by the US Census Bureau on September 8, 2022.  Local tax data was updated by assuming that local taxes for 2021 changed by the same percent as state taxes of the same type.


$ billionFY2022
Estimate
FY2022
Actual
State Income Tax Revenue$652$608
Total State Revenue$2,180$2,101


State and local spending projections for FY2023 to FY2027 have been reestimated using the "Guesstimate" method.

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