Saturday, November 2, 2024

State FY24 Taxes Update

On October 31, 2024 usgovernmentspending.com updated FY2024 state revenue with quarterly tax data released by the US Census Bureau on September 11, 2024.  Local tax data was updated by assuming that local taxes for 2024 changed by the same percent as state taxes of the same type.


$ billionFY2024
Estimate
FY2024
Actual
State Income Tax Revenue$641$329
Total State Revenue$3,050$2,501


State and local spending projections for FY2025 to FY2029 have been reestimated using the "Guesstimate" method.

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