Table 3.21. Local Government Current Receipts and Expenditures

Annual

			Billions of Dollars
	Line	Name	2024	Preceding Period	Year Ago from Period
	line 1	Current receipts	2,020.132	1,915.197	1,915.197
	line 2	Current tax receipts	1,058.253	991.557	991.557
	line 3	Personal current taxes	64.788	60.702	60.702
	line 4	Income taxes	50.559	47.405	47.405
	line 5	Other	14.229	13.297	13.297
	line 6	Taxes on production and imports	980.371	918.851	918.851
	line 7	Sales taxes	140.149	136.538	136.538
	line 8	Excise taxes
	line 9	Property taxes	733.738	679.716	679.716
	line 10	Other	59.260	56.201	56.201
	line 11	Taxes on corporate income	13.094	12.005	12.005
	line 12	Contributions for government social insurance
	line 13	Income receipts on assets	44.571	42.517	42.517
	line 14	Interest receipts	37.211	35.500	35.500
	line 15	Dividends
	line 16	Rents and royalties	7.359	7.017	7.017
	line 17	Current transfer receipts	944.100	907.646	907.646
	line 18	Federal grants-in-aid	30.726	30.958	30.958
	line 19	State government grants-in-aid	810.957	788.739	788.739
	line 20	From business (net)	48.047	35.354	35.354
	line 21	From persons	54.370	52.594	52.594
	line 22	From the rest of the world	0.000	0.000	0.000
	line 23	Current surplus of government enterprises	-26.791	-26.524	-26.524
	line 24	Current expenditures	1,998.767	1,915.158	1,915.158
	line 25	Consumption expenditures	1,749.725	1,673.810	1,673.810
	line 26	Current transfer payments	99.487	91.691	91.691
	line 27	Government social benefit payments to persons	78.030	71.159	71.159
	line 28	Grants-in-aid to state governments	21.457	20.532	20.532
	line 29	Current transfer payments to the rest of the world	0	0	0
	line 30	Interest payments	148.921	149.043	149.043
	line 31	To persons and business	146.271	146.557	146.557
	line 32	To the rest of the world	2.650	2.486	2.486
	line 33	Subsidies	0.634	0.614	0.614
	line 34	Net local government saving	21.366	0.038	0.038
	line 35	Social insurance funds
	line 36	Other	21.366	0.038	0.038
		Addenda:
	line 37	Total receipts	2,091.255	1,973.431	1,973.431
	line 38	Current receipts	2,020.132	1,915.197	1,915.197
	line 39	Capital transfer receipts	71.123	58.234	58.234
	line 40	Total expenditures	2,163.880	2,052.741	2,052.741
	line 41	Current expenditures	1,998.767	1,915.158	1,915.158
	line 42	Gross government investment	403.181	368.414	368.414
	line 43	Capital transfer payments
	line 44	Net purchases of nonproduced assets	16.106	15.259	15.259
	line 45	Less: Consumption of fixed capital	254.174	246.090	246.090
	line 46	Net lending or net borrowing	-72.625	-79.310	-79.310