Local government current receipts
W830RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,937.95
Year-over-Year Change
63.90%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures the total current receipts of local governments in the United States, including tax revenues, intergovernmental transfers, and other sources of income.
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
Local government current receipts represent the inflows of money to local governments, which are essential for funding public services and infrastructure. This metric is closely monitored by economists and policymakers to assess the fiscal health and spending capacity of local governments.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is used to inform economic policy decisions and analyze the financial conditions of state and local governments.
Key Facts
- Local governments in the U.S. collected over $1.7 trillion in current receipts in 2021.
- Current receipts account for approximately 80% of total local government revenue.
- Property taxes are the largest source of local government current receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total current receipts of local governments in the United States, including tax revenues, intergovernmental transfers, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: Local government current receipts are a key indicator of the fiscal health and spending capacity of state and local governments, which is essential for understanding economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform decisions about fiscal policy, government spending, and the provision of public services at the local level.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with some delay in reporting.
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Citation
U.S. Federal Reserve, Local government current receipts (W830RC1A027NBEA), retrieved from FRED.