Local government current receipts: Current transfer receipts: State government grants-in-aid
W847RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
763.13
Year-over-Year Change
58.81%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures the value of current transfer receipts from state governments to local governments. It is an important indicator of fiscal relationships and resource allocation between different levels of government.
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 Local government current receipts: Current transfer receipts: State government grants-in-aid metric represents the funds that state governments provide to local governments through grants and other transfers. This data point is used to analyze intergovernmental fiscal dynamics and the fiscal health of local jurisdictions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of state and local government finances.
Historical Context
This metric is relevant for policymakers and economists studying public sector budgets and the distribution of resources across different levels of government.
Key Facts
- State grants make up a significant portion of local government revenue.
- This metric has shown a steady increase over the past decade.
- The data is reported on a quarterly basis by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This metric measures the value of current transfer receipts, or grants, that state governments provide to local governments.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for analyzing the fiscal relationships and resource allocation between different levels of government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers and economists studying public sector budgets and the distribution of resources across different levels of government.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Local government current receipts: Current transfer receipts: State government grants-in-aid (W847RC1A027NBEA), retrieved from FRED.