Total state government revenues climbed to $2.27 trillion in fiscal year 2011, up 11 percent from 2010, according to data released today by the U.S. Census Bureau.
An additional $141 billion in social insurance trust revenue, which includes retirements and insurance contributions and investment earnings, accounted for much of the increase. Taxes, the largest share of state governments’ general revenue, rose 8 percent for the year.
States also reported a 3.7 percent uptick in total expenditures. Year-over-year health and hospital spending increased 7.6 percent, while unemployment compensation declined 10 percent.
Other highlights from the Census Bureau report include:
- Public welfare spending made up more than 30 percent of expenditures in 14 states.
- Education spending accounted for more than 40 percent of general expenditures in 13 states.
- South Dakota, North Dakota and Alaska led all other states in highway spending as a percentage of general expenditures.
We’ve compiled data for the past three available fiscal years into the graphic below. Select your state and a filter to view totals for each revenue and expenditure type: