Minnesota Gov. Mark Dayton signing into law state budget bills on July 11, 2011.
Between fiscal years 2014 and 2015, total state spending (including both state and federal funds and excluding bonds) was estimated to have increased by about 7.65 percent, from $1.7 trillion (including both state and federal funds) in fiscal year 2014 to an estimated $1.83 trillion in fiscal year 2015.[1]
For more information on total spending in all the states, click here. To learn more about your state budget, click here.
Welcome to the Budget Policy Project, where you will find information pertaining to budget and finance policy in the 50 states. Our pages provide extensive information about expenditures, revenues and tax policy, as well as the terms and definitions used in public policy debates. This project will equip citizens with the tools to better understand the nuts and bolts of state finances and engage in the public policymaking process.
A group of people filing tax forms at an Internal Revenue Service office in 1920.
In 2015, the federal government collected approximately $3.2 trillion in revenues. Individual income taxes accounted for 47.4 percent of this revenue. Total federal government spending was approximately $3.7 trillion. To learn more about federal tax policy and spending, click here.
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