Where does your state spend and get money?
04-17-2018 14:12 PM - last edited 04-18-2018 23:15 PM
04-17-2018 02:12 PM - edited 04-18-2018 11:15 PM
Understanding where states spend money and raise taxes can help state legislators or policy makers make better decisions. In total, 50 states and the District of Columbia spent $2.6 trillion in fiscal year 2015, according to the most recent survey by the US Census Bureau (this figure includes the federal grants that states received).
Note: If you are interested in a comprehensive view of the combined US federal, state and local governments’ revenues and expenditures, USAFacts Institute recently released a 10-K report for U.S. governments.
Source: US Census Bureau, as reported by state and local governments through the Census of Governments. The Census has not updated state and local income statement data since 2015.