Census: State, Local Government Revenue Dropped 22% in 2009
Data released Monday shows revenues for U.S. state and local governments fell more than 22 percent in fiscal year 2009. View a breakdown of financial figures for each state.
Revenues for state and local governments across the country fell 22 percent in fiscal year 2009, according to data released Monday by the U.S. Census Bureau.
The drop represents a combined $587 billion decline from fiscal year 2008. Decreases were reported in nearly all revenue categories. Corporate income tax revenues fell more than 19 percent while individual income taxes dipped 11 percent.
Combined figures for state and local governments showed the largest revenue declines in the following states:
|State||2009 Revenue||% Change from FY 2008|
|New York||$175.6 billion||-27.4%|
Despite the decreased revenues, expenditures climbed slightly -- 4.6 percent -- in fiscal year 2009.
Areas experiencing increases include unemployment compensation (86 percent), insurance benefits and repayments (17.9 percent) and insurance trust expenditures (17.9 percent).
Debt rose, accordingly, with a 5.1 percent combined increase for state and local governments.
Other highlights from the data include:
- Revenue from the federal government jumped 12.3 percent
- Spending for highways accounted for more than 10 percent of expenditures in North Dakota, South Dakota and Alaska
- Education spending comprised 28.7 percent of expenditures across all state and local governments
The Census Bureau compiled the data for its annual Survey of State and Local Government Finances.
Select a state below to view a summary of financial figures for state and local governments. Additional data is available on the bureau's website.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
Ex-Kentucky Governor Launches Campaign to Stop His Successor's Health Policies2 days ago
For Addicts, Life-Saving Drugs Often Have Long Waiting Lists2 days ago
Kasich Vows to Approve Planned Parenthood Cuts2 days ago
The Gun-Toting Nevada Lawmaker Who Helped End the Oregon Standoff2 days ago
Kansas Supreme Court Gives State a Funding Deadline to Keep Schools Open2 days ago
Flint Residents Get Unexpected Phone Calls From Gov. Snyder2 days ago