On October 21, 2023 usgovernmentspending.com updated FY2023 state revenue with quarterly tax data released by the US Census Bureau on September 11, 2023. Local tax data was updated by assuming that local taxes for 2023 changed by the same percent as state taxes of the same type.
$ billion | FY2023 Estimate | FY2023 Actual |
State Income Tax Revenue | $641 | $329 |
Total State Revenue | $3,050 | $2,501 |
State and local spending projections for FY2024 to FY2028 have been reestimated using the "Guesstimate" method.
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