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8/9/2019 Making Sense of Federal Dollars and Cents
1/20
PewTrusts.org/Fiscal-Federalism
Federal Spending in the StatesFY 2013 composition
Sources: Pew analysis of data from te !.". #epartment of $ommerce %ureau of &conomic 'nalysis( !"'spending.go)( !.". $ens
!.". *ffice of Personnel +anagement( !.". #epartment of #efense( and 'las,a #epartment of e)enue
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal-Federalism
Largely by Retirement and Nonretirement Benefits
nflation-adusted federal spending y category fiscal 200-13
Sources: Pew analysis of data from te !.". #epartment of $ommerce %ureau of &conomic 'nalysis( !"'spending.go)( !.". $ensus %ureau( !.". *f
!.". #epartment of #efense( and te 'las,a #epartment of e)enue
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal-Federalism
Nationally, Federal Spending is !uivalentto "#$ of State conomic %ctivityFederal spending relati)e to gross domestic product y state federal fiscal 2
at
Sources: Pew analysis of data from te !.". #epartment of $ommerce %ureau of &conomic 'nalysis( !"'spending.go)( !.". $ensus %ureau( !.". *ffic
!.". #epartment of #efense( and 'las,a #epartment of e)enue
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal-Federalism
05
65
105
165
205
265305
365etirement
onretiremen
7rants
$ontracts
"alaries and
&he 'i( of Federal Spending Differs )idely %mong StateTypes of federal spending relati)e to 7#P y state fiscal 2013
Sources: Pew analysis of data from te !.". #epartment of $ommerce %ureau of &conomic 'nalysis( !"'spending.go)( !.". $ensus %ureau( !.". *ffic
!.". #epartment of #efense( and 'las,a #epartment of e)enue
8/9/2019 Making Sense of Federal Dollars and Cents
5/20PewTrusts.org/Fiscal60
Fiscal *+ State &rends and %nalysis-ey indicators of fiscal health
./N/'0 %ND 1/1L L/NG2&R' ./S&SR4N5 S1ND3NG
Ta9 e)enue
Ta9 e)enue olatility
Federal "are of"tate e)enue
$ange in "tate"pending
&mployment toPopulation atio
#et and !nfundedetirement $osts
8/9/2019 Making Sense of Federal Dollars and Cents
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Sources of State Government Revenue
45
325
115
;515Ta9es
Federal re
$arges
+iscellane
8/9/2019 Making Sense of Federal Dollars and Cents
7/20PewTrusts.org/Fiscal60
FY 2001 FY 2003 FY 2006 FY 200= FY 200425
2>5
2;5
305
325
35
3>5
60 states
R . S S 3 / N
Federal Share of State Revenue6it *+20ear 6igh %fter Great RecessionFY 2000 to FY 2012
F07++8
9":9$
R . S S 3 / N
Sources: Te Pew $aritale Trusts? analysis of te !.". $ensus %ureau?s 'nnual "ur)ey of "tate 7o)ernment Finances accessed @an. 23 201.
8/9/2019 Making Sense of Federal Dollars and Cents
8/20PewTrusts.org/Fiscal60
FY 2001 FY 2003 FY 2006 FY 200= FY 2004105
205
305
05
605
>05
R . S S 3 / NR . S S 3 / N
Greatest and Smallest Shares ofState Revenue from Federal FundsFY 2000 to FY 2012
Sources: Te Pew $aritale Trusts? analysis of te !.". $ensus %ureau?s 'nnual "ur)ey of "tate 7o)ernment Finances accessed @an. 23 201.
8/9/2019 Making Sense of Federal Dollars and Cents
9/20PewTrusts.org/Fiscal60
Sources of State Government Revenue
45
325
115
;515Ta9es
Federal re
$arges
+iscellane
8/9/2019 Making Sense of Federal Dollars and Cents
10/20PewTrusts.org/Fiscal60
-16
-10
-6
0
R . S S 3 / N200> 200= 200; 2004 2010 2011 2012
State &a( Revenue is Slowto Recover From Recessionnflation-adusted 2A 201Percent
2"9:+$
Sources: Te Pew $aritale Trusts. Te analysis is ased on te !.". $ensus %ureau?s Auarterly "ummary of "tate and
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
-100
-60
0
60
100
160
R . S S 3 / N
nflation-adusted 2A 201
%las
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
State &a( Revenue RecoversSlowly and 5nevenlynflation-adusted 2A 201
%elow -165
-165 to 05
05 to 165
'o)e 165
Sources: Te Pew $aritale Trusts. Te analysis is ased on te !.". $ensus %ureau?s Auarterly "ummary of "tate and
8/9/2019 Making Sense of Federal Dollars and Cents
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FY 2001 FY 2003 FY 2006 FY 200= FY 2004 FY 2011-50
0
50
100
150
50-state median California West VirginiaSources: The Pew Charitable Trusts. The analysis is based on data from the Fisal !ur"ey of !tates# whih is $ublished eah fall and s$
&o"ernors 'ssoiation and the %ational 'ssoiation of !tate (udget )*ers. +ata for ,sal 000 through 01 are from /!tattables $ublished in fall re$orts# downloaded une 1# 012# and +e. 3# 012. +ata for ,sal 012 and 015 are from the fall 012 !tate &eneral Fund# Preliminary 'tual and /Fisal 015 !tate &eneral Fund# '$$ro$riated.
+ays
R EC ES S I ON
R EC ES S I ON
ays a a es ou un on eservFundsF4 012 Preliminary 'tual6
8/9/2019 Making Sense of Federal Dollars and Cents
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States "#th $#%%est ReservesE&clud#n% 'las(aF4 012 Preliminary 'tual6
50-state median
West Virginia
%ebras7a
%orth +a7ota
Wyoming
0 50 100 150
2.0 days
118.9 days
12.1 days
Sources: The Pew Charitable Trusts. The analysis is based on data from the Fisal !ur"ey of !tates# whih is $ublished eah fall and s$&o"ernors 'ssoiation and the %ational 'ssoiation of !tate (udget )*ers. +ata for ,sal 000 through 01 are from /!tattables $ublished in fall re$orts# downloaded une 1# 012# and +e. 3# 012. +ata for ,sal 012 and 015 are from the fall 012 !tate &eneral Fund# Preliminary 'tual and /Fisal 015 !tate &eneral Fund# '$$ro$riated.
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
States "#th S)allest ReservesF4 012 Preliminary 'tual6
llinois
Pennsyl"ania
%ew ersey
;entu7y
50-state median
0 5 10 15 0
0.3 days
1.0 days
. days
5.8 days
Sources: The Pew Charitable Trusts. The analysis is based on data from the Fisal !ur"ey of !tates# whih is $ublished eah fall and s$&o"ernors 'ssoiation and the %ational 'ssoiation of !tate (udget )*ers. +ata for ,sal 000 through 01 are from /!tattables $ublished in fall re$orts# downloaded une 1# 012# and +e. 3# 012. +ata for ,sal 012 and 015 are from the fall 012 !tate &eneral Fund# Preliminary 'tual and /Fisal 015 !tate &eneral Fund# '$$ro$riated.
8/9/2019 Making Sense of Federal Dollars and Cents
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States "#th -east +olat#le ,a&
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
States "#th -east +olat#le ,a&RevenueF41335-01
!outh +a7ota
;entu7y
Daryland
West Virginia
50 states
0 1 2 5
.= "olatility sore
.3 "olatility sore
.5 "olatility sore
.9 "olatility sore
5.0 "ol
Sources: The Pew Charitable Trusts. Volatility sores for eah state>s total ta? re"enue and s$ei, ta? soures were alulated using t!tate &o"ernment Ta? Colletions historial data series for 1332-01# aessed !e$t. 1# 012. +ata were adAusted to ontro$oliy hange using the %ational Conferene of !tate egislatures %C!6 !tate Ta? 'tion re$orts for 1332-01# aessed in
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
-50<
-20<
-0<
-0<
-10<
0<
10<
0<0<
20<
50<
Cor$orate inome !ales Personal inome
Cor.orate Inco)e ,a& +olat#l#tyNe" Yor(: 4ear-o"er-year $erent hange of maAor ta? sou
R EC ES S I ON
R EC ES S I ON
F4 F4 F4 F4 F4 F4 F4 FF4
Sources: The Pew Charitable Trusts. Volatility sores for eah state>s total ta? re"enue and s$ei, ta? soures were alulated using t!tate &o"ernment Ta? Colletions historial data series for 1332-01# aessed !e$t. 1# 012. +ata were adAusted to ontro$oliy hange using the %ational Conferene of !tate egislatures %C!6 !tate Ta? 'tion re$orts for 1332-01# aessed in
8/9/2019 Making Sense of Federal Dollars and Cents
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PewTrusts.org/Fiscal60
8/9/2019 Making Sense of Federal Dollars and Cents
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$ar/ara Rose"#cPewTrusts.orgEFisal50
%eed hel$ with the data Contat: !arah eiseasleiseaG$ewtrusts.org6
nne StauerPewTrusts.orgEFisal-Federalism