Federal Reserve Economic Data: Your trusted data source since 1991

SECTION 8 - NOT SEASONALLY ADJUSTED

Table 8.4. State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted, Quarterly

   

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    Q1 1947    
 
 
    Q1 2024
Millions of Dollars
Line Name Q1 2024 Q4 2023 Q1 2023
line 1
Current receipts
924,455 911,547 922,306
line 2
Current tax receipts
603,388 608,987 602,324
line 3
Personal current taxes
141,210 148,161 145,680
line 4
Taxes on production and imports
420,947 419,406 413,519
line 5
Taxes on corporate income
41,231 41,420 43,126
line 6
Contributions for government social insurance
6,069 5,706 5,364
line 7
Income receipts on assets
25,103 25,293 24,901
line 8
Current transfer receipts
294,391 276,031 293,451
line 9
Federal grants-in-aid
236,501 230,211 248,427
line 10
From business (net)
29,279 17,462 17,192
line 11
From persons
28,438 28,172 27,781
line 12
From the rest of the world
174 186 51
line 13
Current surplus of government enterprises
-4,497 -4,471 -3,735
line 14
Current expenditures
967,805 961,764 916,868
line 15
Consumption expenditures
621,636 626,840 583,457
line 16
Current transfer payments
274,385 260,684 263,653
line 17
Government social benefit payments to persons
274,385 260,684 263,653
line 18
Current transfer payments to the rest of the world
0 0 0
line 19
Interest payments
71,608 74,067 69,588
line 20
To persons and business
70,816 73,314 68,773
line 21
To the rest of the world
792 753 815
line 22
Subsidies
176 174 170
line 23
Net state and local government saving
-43,350 -50,217 5,438
Addenda:
line 24
Gross government investment
124,656 143,540 107,107
line 25
Consumption of fixed capital
100,208 99,275 97,437
   

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