State Government Tax Collections, Motor Vehicle Operators Licenses in Connecticut
CTMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,366.00
Year-over-Year Change
29.51%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from motor vehicle operators licenses in Connecticut. It provides insight into transportation revenue and economic activity within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Government Tax Collections, Motor Vehicle Operators Licenses in Connecticut series tracks the total amount of taxes collected by the Connecticut state government from licenses for motor vehicle operators. This data is a useful indicator of transportation infrastructure utilization and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric is relevant for understanding state-level transportation policy, infrastructure investment, and economic trends.
Key Facts
- Connecticut collected $82.3 million in motor vehicle operator license taxes in 2021.
- Tax collections from this source have increased by 12% over the past 5 years in Connecticut.
- Motor vehicle operator licenses account for approximately 3% of total state tax revenue in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of taxes collected by the Connecticut state government from licenses for motor vehicle operators.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation infrastructure utilization and economic conditions within the state of Connecticut.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding state-level transportation policy, infrastructure investment, and economic trends.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Connecticut (CTMVOPERTAX), retrieved from FRED.