A Look At How Each American State’s Expenditures Compare to Revenue

To get a better idea of financial well-being at the state level today’s visualization takes a closer look at how each U.S. state’s expenditures compare to revenue.

• In 2017, the total revenues for state governments amounted to $2.55 trillion.
  • Revenue came from taxes, insurance trust revenue, intergovernmental revenue, and other sources.
• The total expenditures for state governments amounted to $2.31 trillion in 2017.
  • These expenditures included intergovernmental spending, current operation expenses, assistance and subsidies, interest on debt, other expenses, and insurance benefits and repayments.
• There are only eight states in which total expenditures exceed total revenues:
  1. Wyoming,
  2. Kentucky,
  3. Alaska,
  4. Delaware,
  5. Vermont,
  6. Alabama,
  7. Pennsylvania, and
  8. Colorado.
• Nationwide, the revenue per capita is $7,842 and expenditure per capita is $7,120.
• Not surprisingly, states with smaller populations tend to have higher expenditures and revenues per capita.
  • Of the 6 states with a population under 1 million people,
    • 4 have expenditures per capita of +$10,000:
      1. Alaska,
      2. Wyoming,
      3. Vermont and
      4. Delaware
    • and 4 have revenues per capita of +$10,000:
      1. Alaska,
      2. Wyoming,
      3. Vermont and
      4. North Dakota).

Editor’s Note: The above excerpts are from the original article by HowMuch.net, a financial literacy website, and have been re-formatted, color highlighted, edited ([ ])* and abridged (…) by Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money! – for the sake of clarity, and brevity to provide a fast and easy read.

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*(The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)