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New Jersey State & Local Guesstimated2 2016 Government Revenue

There are three levels of governments in the US: federal, state, and local. The following table shows State & Local revenue.

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New Jersey State & Local 2016 Taxes by Type

Type -yr 2016 +yr  
  Total Direct Revenue$0.1 trillion 
  Income Taxes$0.0 trillion 
  Social Insurance Taxes$0.0 trillion 
  Ad valorem Taxes$0.0 trillion 
  Fees and Charges$0.0 trillion 
  Business and Other Revenue$0.0 trillion 
Revenue: guesstimated2

Click chart for table of Revenue
or click: 2014 2015 2016 2017 2018

Note:
1. Federal revenue after 2015 is budgeted.
2. State revenue after 2014 and local revenue after 2013 are “guesstimated” by projecting the latest change in reported revenue forward to future years

Data Sources:
State GDP Information
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years



Deficit / Debt

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GDP / Revenue

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Revenue by Government Level

Government Revenue includes federal, state, and local revenue.

 2015 2016 2017 
 Federal Revenue0.00.00.0 
 State & Local Revenue0.10.10.1 
 Total Revenue0.10.10.1 
Revenue: guesstimated2

You can look at details of the data here. You can look at deficits here and debt here. You can create custom charts here and download data here. You can look at the federal budget here. You can take a course in taxes here.

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Revenue Data Sources

Revenue data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of revenue data sources here.

Federal revenue data begins in 1792.

State and local revenue data begins in 1890.

State and local revenue data for individual states begins in 1957.

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Data Sources for 2016:

State GDP Information
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years

> data sources for other years
> data update schedule.

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CBO Long Term Budget Outlook 2016

On July 12, 2016, the Congressional Budget Office released its annual Long Term Budget Outlook for 2016, which projects federal spending and revenue out into the 2040s.  As before, the CBO study shows that federal health-care programs will eat the budget, with federal spending exceeding 28 percent GDP by mid century while federal revenue stays below 20 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

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Christopher Chantrill.

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