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Compare States Growth And Debt

Compare state and local revenues for the 50 states against state growth and population.

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Comparison of State and Local Government Revenue and Debt
in the United States
-5yr -1yr   Fiscal Year 2014  +1yr +5yr
Amounts in $ billion
StateState &
Local
Revenue
State &
Local
Debt
Gross
State
Product
Real
State
Growth
Popu-
lation
(mln)
 Alaska$13.2$9.2$55.5-2.7%0.7 more
 Rhode Island$10.0$12.1$54.40.1%1.1 more
 Nebraska$20.6$15.1$111.22.0%1.9 more
 New Hampshire$10.7$10.9$72.31.1%1.3 more
 New Jersey$94.2$99.4$546.70.5%8.9 more
 New Mexico$19.2$15.7$92.53.2%2.1 more
 Nevada$23.5$29.1$135.21.3%2.8 more
 New York$307.8$352.3$1,427.52.3%19.7 more
 Ohio$109.9$85.2$593.43.8%11.6 more
 Oklahoma$30.2$18.8$195.05.7%3.9 more
 Oregon$42.2$35.7$188.93.4%4.0 more
 Pennsylvania$109.9$124.4$691.22.3%12.8 more
 South Carolina$38.8$42.3$191.92.6%4.8 more
 North Carolina$76.1$50.1$476.02.2%9.9 more
 South Dakota$7.1$5.7$46.01.3%0.8 more
 Tennessee$48.6$45.4$303.81.7%6.5 more
 Texas$214.5$268.9$1,572.83.5%27.0 more
 All states combined$3,027.0$2,980.0$17,527.32.5%318.3 more
 Utah$23.5$20.4$141.33.2%2.9 more
 Virginia$69.9$65.3$463.5-0.2%8.3 more
 Vermont$5.7$4.6$29.70.1%0.6 more
 Washington$73.3$80.3$442.23.6%7.1 more
 Wisconsin$55.2$44.9$293.92.1%5.8 more
 West Virginia$14.4$10.9$71.9-0.4%1.8 more
 North Dakota$10.6$5.4$58.77.6%0.7 more
 Montana$8.2$5.3$44.51.7%1.0 more
 Alabama$34.2$30.5$194.2-0.7%4.8 more
 Iowa$31.9$18.8$171.65.4%3.1 more
 Arkansas$22.0$15.0$117.31.0%3.0 more
 Arizona$48.2$47.9$284.41.3%6.7 more
 California$471.7$425.6$2,395.24.1%38.6 more
 Colorado$48.8$54.3$306.64.7%5.4 more
 Connecticut$38.3$44.5$248.9-1.4%3.6 more
 District of Columbia$11.0$13.1$119.82.0%0.7 more
 Delaware$9.1$7.6$66.97.3%0.9 more
 Florida$150.8$145.2$839.52.7%19.8 more
 Georgia$71.6$56.6$485.83.3%10.1 more
 Hawaii$14.6$14.2$77.90.3%1.4 more
 Idaho$11.4$6.2$63.52.6%1.6 more
 Mississippi$23.5$14.4$104.10.5%3.0 more
 Illinois$128.4$149.1$765.31.4%12.9 more
 Indiana$45.7$49.1$324.93.2%6.6 more
 Kansas$25.5$26.2$148.22.1%2.9 more
 Kentucky$31.0$40.7$186.50.3%4.4 more
 Louisiana$39.1$40.6$238.73.1%4.6 more
 Massachusetts$73.2$89.0$473.32.0%6.8 more
 Maryland$55.2$49.9$352.01.1%6.0 more
 Maine$11.0$8.5$55.81.7%1.3 more
 Michigan$80.4$76.4$449.11.7%9.9 more
 Minnesota$57.7$50.5$319.82.9%5.5 more
 Missouri$47.3$46.8$284.70.5%6.1 more
 Wyoming$8.2$2.0$39.40.6%0.6 more
Notes: actual estimated

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

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Next Data Update

> US, State Pop FY17

> data update schedule.

Data Sources for 2014:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances

> data sources for other years
> data update schedule.

Federal Deficit, Receipts, Outlays Actuals for FY 20

On October xx, 2020, the US Treasury reported in its Monthly Treasury Statement (and xls) for September that the federal deficit for FY 2020 ending September 30, 2020, was $2,9xx billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2021 federal budget published in February 2020, and the "guesstimates" made by usgovernmentspending.com in late September 2020:

Federal Finances
FY 2020 Outcomes
Budget
billions
Guesst.
billions
Outcome
billions
Receipts $3,706$3,463$3,420
Outlays$4,790$6,371$6,552
Deficit$1,083$2,908$3,132

usgovernmentspending.com now shows the new numbers for total FY 2020 total outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2019 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2020.

This FTS report on FY 20 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2020 and Other Periods". Subfunction amounts don't get reported until the FY22 budget in February 2021. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2020 by factoring subfunction budgeted amounts for FY20 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

On top of that, the unbudgeted spending to fight the COVID-19 virus is tucked into various places where you'd least expect it. We have tried to unearth these monies in the FTS and translate them into subfunction amounts.

Final detailed FY 2020 actuals will not appear on usgovernmentspending.com until the FY 2022 federal budget is published in February 2021 with the actual outlays for FY 2020 in Historical Table 3.2--Outlays by Function and Subfunction.

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Christopher Chantrill.

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