State and Local Government Finances

Source: U.S. Census Bureau, September 2012

From the press release:
In 2010, state and local governments brought in nearly $3.2 trillion in revenue, a 51.4 percent ($1.1 trillion) increase from 2009, according to statistics from the U.S. Census Bureau. Revenue from the federal government increased 16.1 percent from $537.2 billion to $623.7 billion between 2009 and 2010. (See Table 1 [Excel])

These findings come from the 2010 Annual Surveys of State and Local Government Finances, which include statistics on revenues (including taxes), expenditures, debt and assets (cash and security holdings) for state and local governments.

State and local government expenditures increased 4.0 percent in 2010, totaling more than $3.1 trillion. Education continued to be the largest single expense ($860.0 billion) for 2010. Debt outstanding for state and local governments increased $123.5 billion (4.6 percent) to $2.8 trillion in 2010.

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