What is the breakdown of revenues among federal, state, and local governments?
Federal, state, and local revenues totaled nearly $5.2 trillion in 2007. Federal revenue made up almost half of that total, states collected about 30 percent, and local governments brought in 20 percent. Transfers from the federal government to state and local governments and from state governments to local governments shifted the balance of resources among the three groups. • The federal government transferred nearly one-fifth of its revenue (one-tenth of total government revenue) to state and local governments, leaving it with 41 percent of total revenue, about $2.1 trillion. • Almost all of the federal transfer went to the states, which in turn passed the equivalent of 110 percent of this revenue to local governments. • States retained 29 percent of total revenue, about $1.52 trillion. • Local governments received transfers from both the federal and state governments equal to about one-tenth of total revenue, giving them a total of just under 30 percent of all government revenue, ab
Related Questions
- Can state and local governments utilize Federal Supply Service (FSS) Governmentwide Acquisition Contracts (GWACs) under Cooperative Purchasing?
- Did the local, state or federal governments of the USA show a deliberate disregard of blacks during Katrina?
- Can state and local governments purchase from all Federal Supply Schedules?
