Making Sense of Federal Dollars and Cents

8/9/2019 Making Sense of Federal Dollars and Cents

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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


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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


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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


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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


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



Sources of State Government Revenue

45

325

115

;515Ta9es

Federal re

$arges

+iscellane



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.



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.



Sources of State Government Revenue

45

325

115

;515Ta9es

Federal re

$arges

+iscellane



-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


11/20

PewTrusts.org/Fiscal60

-100

-60

0

60

100

160

R . S S 3 / N

nflation-adusted 2A 201

%las


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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


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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


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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.


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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.


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States "#th -east +olat#le ,a&


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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


18/20


-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


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20/20

$ar/ara Rose"#cPewTrusts.orgEFisal50

%eed hel$ with the data Contat: !arah eiseasleiseaG$ewtrusts.org6

nne StauerPewTrusts.orgEFisal-Federalism

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Making Sense of Federal Dollars and Cents