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Census Bureau Reports Increased State Government Revenues and General Expenditures for 2011

December 6, 2012

Census Bureau Reports Increased State Government Revenues and General Expenditures for 2011

Source: U.S. Census Bureau

Total state government revenue increased to $2.3 trillion in 2011, up 11.3 percent from $2.0 trillion in 2010, according to the latest report from the U.S. Census Bureau. Total state government revenue includes general revenues (mainly tax revenue), utility revenue, liquor store revenue and insurance trust revenue. General revenues were $1.7 trillion in 2011, a 5.7 percent increase from 2010. General expenditures by state governments rose 3.7 percent in 2011 to $1.7 trillion.

The findings are from the 2011 Annual Survey of State Government Finances, which shows revenues, expenditures, debt, and cash and security holdings for each state as well as a national summary of state government finances.

The increase in state government revenue in 2011 was mainly because of a $141.0 billion increase in social insurance trust revenue. Social insurance trust revenue includes employee retirement investments, which had gains in 2011. There was also an increase in tax revenue as government taxes collected in 2011 ($757.9 billion) grew 8.0 percent over 2010 ($701.7 billion) and accounted for 45.9 percent of general revenue.

Expenditures for education ($592.3 billion), public welfare ($496.8 billion) and health and hospitals ($125.7 billion) represented the top three expenditures in state government budgets.

State government budgets depend mostly on revenue from general sources: taxes, federal grants, service charges and other miscellaneous revenues. General revenues fund most state programs and in general comprise the bulk of state government revenue (72.9 percent in 2011).

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