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.
$ billion | FY2022 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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