State and local government receipts and expenditures

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)

Table 4.9 State and local government receipts and expenditures, 1994, 2004, 2014, and projected 2024

Category

Billions of current dollars

Percent distribution

Annual
rate of change

1994

2004

2014

2024

1994

2004

2014

2024

1994–2004

2004–14

2014–24

Receipts

$934.1

$1,575.1

$2,205.9

$3,464.1

100.0

100.0

100.0

100.0

5.4

3.4

4.6

Tax receipts

644.2

1,057.9

1,495.1

2,408.7

69.0

67.2

67.8

69.5

5.1

3.5

4.9

Personal taxes

148.0

247.4

368.7

596.3

15.8

15.7

16.7

17.2

5.3

4.1

4.9

Corporate income taxes

30.0

41.7

57.3

88.2

3.2

2.6

2.6

2.5

3.4

3.2

4.4

Taxes on production and imports

466.3

768.7

1,069.1

1,724.2

49.9

48.8

48.5

49.8

5.1

3.4

4.9

Sales taxes and other

266.9

442.5

618.7

972.3

28.6

28.1

28.0

28.1

5.2

3.4

4.6

Property taxes

199.4

326.2

450.4

751.8

21.3

20.7

20.4

21.7

5.0

3.3

5.3

Contributions for social insurance

14.5

24.6

17.6

25.0

1.6

1.6

0.8

0.7

5.4

-3.3

3.6

Income receipts on assets

63.5

76.9

81.0

102.6

6.8

4.9

3.7

3.0

1.9

0.5

2.4

Interest receipts

58.2

66.4

63.7

77.2

6.2

4.2

2.9

2.2

1.3

-0.4

1.9

Dividends

0.8

2.0

4.0

5.5

0.1

0.1

0.2

0.2

10.2

7.2

3.4

Rents and royalties

4.5

8.5

13.3

19.8

0.5

0.5

0.6

0.6

6.5

4.6

4.1

Transfer receipts

204.1

422.5

626.8

927.8

21.8

26.8

28.4

26.8

7.5

4.0

4.0

Federal grants-in-aid

166.9

332.2

501.0

749.1

17.9

21.1

22.7

21.6

7.1

4.2

4.1

From business (net)

11.9

36.5

52.2

79.2

1.3

2.3

2.4

2.3

11.8

3.6

4.3

From persons

25.3

53.8

73.7

99.6

2.7

3.4

3.3

2.9

7.9

3.2

3.1

Surplus of government enterprises

7.8

-6.7

-14.5

0.0

0.8

-0.4

-0.7

0.0

-

8.0

-

 

Expenditures

961.0

1,683.4

2,430.7

3,686.3

100.0

100.0

100.0

100.0

5.8

3.7

4.3

Consumption expenditures

682.2

1,187.6

1,620.4

2,438.1

71.0

70.5

66.7

66.1

5.7

3.2

4.2

Government social benefit payments to persons

206.7

385.0

615.1

982.5

21.5

22.9

25.3

26.7

6.4

4.8

4.8

Medicaid

144.9

300.1

503.0

818.3

15.1

17.8

20.7

22.2

7.6

5.3

5.0

Other

61.8

84.9

112.1

164.1

6.4

5.0

4.6

4.5

3.2

2.8

3.9

Interest payments

71.8

110.5

194.8

265.2

7.5

6.6

8.0

7.2

4.4

5.8

3.1

Subsidies

0.3

0.4

0.5

0.6

0.0

0.0

0.0

0.0

2.1

2.3

1.6

 

Net state & local government saving

-27.0

-108.4

-224.8

-222.2

-

-

-

-

14.9

7.6

-0.1

Note: Dash indicates data not computable or not applicable.

Source: Historical data: Bureau of Economic Analysis; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: December 8, 2015