Where does your state spend and get money?
Understanding where states spend money and raise taxes can help state legislators or policy makers make better decisions. In total, 50 states and the District of Columbia spent $2.6 trillion in fiscal year 2015, according to the most recent survey by the US Census Bureau (this figure includes the federal grants that states received).
The followings are a few highlights from the above report.
Note: If you are interested in a comprehensive view of the combined US federal, state and local governments’ revenues and expenditures, USAFacts Institute recently released a 10-K report for U.S. governments.
Source: US Census Bureau, as reported by state and local governments through the Census of Governments. The Census has not updated state and local income statement data since 2015.