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July 01, 2021

JULY 1, 2021 — The U.S. Census Bureau released the 2019 State and Local Government Finance Table. The table details revenues, expenditures, debt, and cash and security holdings by level of government, including state, local, and state and local figures combined.

Some highlights of the 2019 State and Local Government Finance Table include:

State and local government revenues decreased 0.6% from the 2018 estimate of $4.10 trillion to $4.07 trillion in 2019. State and local government general revenues totaled $3.47 trillion in 2019 compared to $3.3 trillion in 2018, an increase of 5.1%.
State and local government expenditures increased 4.0% to $3.97 trillion in 2019 from $3.82 trillion in 2018.
State and local governments combined had total debt outstanding of $3.17 trillion in 2019. The local government share of the debt was 63.0%, and the state government share was 37.0%.
In 2019, cash and security holdings of state and local governments increased 3.4% to $7.59 trillion compared to $7.34 trillion in 2018. State governments accounted for 70.4% of the total, and local governments accounted for the remainder.

For further information on state and local government tax revenue, contact the Census Bureau’s Economy-Wide Statistics Division at 1-800-832-2839 or <ewd.local.finance@census.gov>.

The data and technical documentation for this release can be found at <www.census.gov/programs-surveys/gov-finances.html>.

No news release associated with this product. Tip sheet only.

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Page Last Revised - October 20, 2023