pie chart revenue source
“A large part of the decrease in the federal grants revenue was due to the temporary nature of funding provided through federal stimulus money beginning in mid-2009,” said Lisa Blumerman, chief of the Census Bureau’s Governments Division. “The 2012 Census of Governments captures the third fiscal year since the beginning of the infusion of stimulus money.”
General revenues for state governments were $1.6 trillion in 2012, a 1.8 percent decrease from $1.7 trillion in 2011, according to the latest findings on state government finances from the U.S. Census Bureau. General expenditures by state governments fell 0.5 percent in 2012 to $1.6 trillion, down from $1.7 trillion in 2011. This is third time in the last four years that general expenditures have exceeded revenues.
A major contributor to the fall in general revenue was declining funding from federal grants. Federal grants to states totaled $514.2 billion, down 10.7 percent from $575.8 billion in 2011. (Federal grants make up 31.6 percent of states’ general revenue.)
states taxes and federal funding
Total revenue, which includes general revenues and social insurance trust revenue such as unemployment compensation funds, fell 15.6 percent to $1.9 trillion in 2012 (down from $2.3 trillion in 2011).
The findings are from the 2012 Census of Governments: Finance – 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.
state unemployment expense and revenue
The decline in total revenue in 2012 was mainly due to the $323.0 billion decrease in social insurance trust revenue. Social insurance trust systems showed revenues of $263.7 billion in 2012, a drop of 55.1 percent from $586.7 billion in 2011. These systems are mainly composed of state employee retirement systems and state social insurance trust systems, including those for unemployment compensation and workers’ compensation.
SGF001: Louisiana vs. United States Government Finances: 2012 |
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| 2012 Annual Survey of State Government Finances | ||||||
| State Government Finances: 2012 (Amounts in thousands) |
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| Item | United States | Louisiana | ||||
| Total Revenue | 1,912,253,172 | 26,942,887 | ||||
| General Revenue | 1,627,804,381 | 25,336,717 | ||||
| Intergovernmental Revenue | 533,699,688 | 11,213,427 | ||||
| From Federal | 514,181,193 | 11,136,334 | ||||
| From Local | 19,518,495 | 77,093 | ||||
| Total Taxes | 798,221,675 | 8,994,053 | ||||
| General Sales and Gross Receipts Taxes | 245,316,442 | 2,815,919 | ||||
| Selective Sales and Gross Receipts Taxes | 132,225,287 | 2,072,935 | ||||
| License Taxes | 54,090,961 | 402,212 | ||||
| Individual Income Taxes | 280,672,114 | 2,474,606 | ||||
| Corporation Net Income Taxes | 41,982,048 | 290,389 | ||||
| All Other Taxes | 43,934,823 | 937,992 | ||||
| Current Charges | 172,925,777 | 2,705,838 | ||||
| Miscellaneous General Revenue | 122,957,241 | 2,423,399 | ||||
| Utility Revenue | 13,616,484 | 7,269 | ||||
| Liquor Stores Revenue | 7,114,248 | 0 | ||||
| Insurance Trust Revenue (1) | 263,718,059 | 1,598,901 | ||||
| Unemployment Compensation Systems | 80,109,746 | 273,116 | ||||
| State-Administered Pension Systems | 160,510,446 | 1,021,648 | ||||
| Workers' Compensation Systems | 15,526,364 | 65,446 | ||||
| Other Insurance Trust Systems | 7,571,503 | 238,691 | ||||
| Total Expenditure | 1,976,789,593 | 31,685,604 | ||||
| Intergovernmental Expenditure | 481,204,347 | 6,387,767 | ||||
| Direct Expenditure | 1,495,585,246 | 25,297,837 | ||||
| Current Operations | 986,417,347 | 17,541,289 | ||||
| Capital Outlay | 117,741,012 | 2,435,093 | ||||
| Insurance Benefits and Repayments | 301,460,223 | 3,920,302 | ||||
| Assistance and Subsidies | 40,079,600 | 497,590 | ||||
| Interest on Debt | 49,887,064 | 903,563 | ||||
| Exhibit: Salaries and Wages | 250,994,694 | 4,230,457 | ||||
| General Expenditure | 1,645,819,643 | 27,760,070 | ||||
| Intergovernmental General Expenditure | 481,204,347 | 6,387,767 | ||||
| Direct General Expenditure | 1,164,615,296 | 21,372,303 | ||||
| General Expenditure, by Function: | ||||||
| Education | 588,708,137 | 8,998,450 | ||||
| Public Welfare | 489,201,919 | 6,300,387 | ||||
| Hospitals | 68,547,769 | 1,949,705 | ||||
| Health | 61,243,727 | 567,016 | ||||
| Highways | 113,552,361 | 1,922,374 | ||||
| Police Protection | 14,251,739 | 368,657 | ||||
| Correction | 48,438,866 | 729,887 | ||||
| Natural Resources | 21,933,708 | 705,161 | ||||
| Parks and Recreation | 5,640,062 | 336,734 | ||||
| Governmental Administration | 52,826,730 | 895,022 | ||||
| Interest on General Debt | 47,326,011 | 903,563 | ||||
| Other and Unallocable | 134,148,614 | 4,083,114 | ||||
| Utility Expenditure | 23,902,016 | 5,232 | ||||
| Liquor Stores Expenditure | 5,607,711 | 0 | ||||
| Insurance Trust Expenditure | 301,460,223 | 3,920,302 | ||||
| Unemployment Compensation Systems | 95,317,830 | 524,806 | ||||
| State-Administered Pension Systems | 188,413,250 | 3,218,454 | ||||
| Workers' Compensation Systems | 10,923,109 | 44,558 | ||||
| Other Insurance Trust Systems | 6,806,034 | 132,484 | ||||
| Debt Outstanding, Long Term and Short Term | 1,147,933,947 | 15,415,488 | ||||
| Cash and Security Holdings | 3,682,741,156 | 54,756,719 | ||||
Source: U.S. Census Bureau, 2012 Census of Governments: Finance - Survey of State Government Finances.
