State Spending for 2023

In March 2025 the US Census Bureau released data on state finances for FY 2023 here and here, including spending and revenue for each individual state and for all states combined.

On June 26, 2025 we updated state and local spending and revenue data for FY2023 through FY2029 as follows:

1. We replaced "guesstimated" state spending and revenue data for FY2023 using the new FY2022 data from the Census Bureau.
2. We replaced "guesstimated" local spending and revenue data for FY 2021 with estimates for each spending and revenue category using the trends in state finances between FY 2021 and FY 2022.
3. We replaced "guesstimated" state revenue data for FY 2023 with data from the Census Bureau's quarterly state tax summary here.
4. We replaced "guesstimated" local revenue data for FY 2023 with estimates for each category using trends for each category of state revenue between FY 2021 and FY 2022.
5. We replaced "guesstimated" state and local spending and revenue for FY 2023 thru FY2029 with new guesstimates based on the latest Census Bureau data for FY 2022 state finances and FY 2023 quarterly tax data.

But there is a problem.

In recent years the Census Bureau has reported Medicaid Vendor Payments to States under item code E74 and other welfare payments under E75 and E79. But now they are all combined under item code E79. This is a problem because usgovernmentspending.com reports Medicaid and the rest of Welfare separately. For now, we are  "guesstimating" E74, E75 and E79 pending release of the combined state and local finances later this year.

We expect the Census Bureau to release local spending and revenue data for FY 2022 not earlier than Summer 2024.