Federal Reserve Economic Data

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    
 
 
    Q4 2024
Millions of Dollars
Line Name Q4 2024 Q3 2024 Q4 2023
line 1
Current receipts
976,688 964,487 929,362
line 2
Current tax receipts
664,076 653,149 630,817
line 3
Personal current taxes
167,615 163,882 153,013
line 4
Taxes on production and imports
455,421 448,624 436,085
line 5
Taxes on corporate income
41,041 40,644 41,718
line 6
Contributions for government social insurance
6,903 6,881 5,688
line 7
Income receipts on assets
24,334 24,280 24,539
line 8
Current transfer receipts
289,371 288,167 276,322
line 9
Federal grants-in-aid
241,106 239,049 229,789
line 10
From business (net)
18,127 19,349 17,606
line 11
From persons
30,084 29,726 28,878
line 12
From the rest of the world
55 43 49
line 13
Current surplus of government enterprises
-7,996 -7,990 -8,003
line 14
Current expenditures
1,003,689 965,916 948,562
line 15
Consumption expenditures
649,580 612,725 612,748
line 16
Current transfer payments
289,980 287,926 265,231
line 17
Government social benefit payments to persons
289,980 287,926 265,231
line 18
Current transfer payments to the rest of the world
0 0 0
line 19
Interest payments
63,950 65,087 70,409
line 20
To persons and business
63,050 64,202 69,537
line 21
To the rest of the world
900 885 872
line 22
Subsidies
179 178 174
line 23
Net state and local government saving
-27,001 -1,429 -19,200
Addenda:
line 24
Gross government investment
149,672 170,820 138,804
line 25
Consumption of fixed capital
104,516 103,613 100,698
   

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