Skip to main content

Description

Resources for teaching and learning with FRED.

State and local revenue sources

Click to load changes

FRED Graph

Note

Q1. The FRED graph shows the two major sources of revenue for state and local governments: transfers from the federal government (the blue line) and their own tax receipts (the red line). Between Q1 1960 and Q2 2023, which source of revenue was larger?

Q2. Why did transfers from the federal government to state and local governments spike during Q2 2020 and Q2 2021?

State and local tax revenue

Click to load changes

FRED Graph

Note

Q1. The FRED graph shows three different sources of state and local tax revenue. Which source of tax revenue decreased the most, in millions of US dollars, during the 2020 recession?

Q2. Which source of tax revenue decreased the least, in millions of US dollars, during the 2020 recession?

2028 Projection of General government net lending/borrowing by Nation (Percent of GDP)

Note

Q1. The FRED map shows projected net borrowing (the yellow areas) and lending (the green areas) by governments as a percent of their gross domestic products (GDP). Name two nations projected to report larger receipts than outlays (i.e., be net lenders) in 2028.

Disclaimer

You understand that when using the FRED® Dashboard, you may be exposed to user submissions from a variety of sources. You further understand and acknowledge that you may be exposed to user submissions that are inaccurate, offensive, indecent, or objectionable. The Bank exercises no control over any content you or others submit while using the FRED® Dashboard and is not responsible for the accuracy, usefulness, safety, appropriateness, or intellectual property rights of or relating to such user submissions.

You are solely responsible for your interactions with other FRED® Dashboard users. We reserve the right, but have no obligation, to monitor disputes between you and other users. The Bank has no obligation to verify the identity of any users when they are connected to the site or to supervise the content which has been provided by users.

Bank does not endorse any user submission or any opinion, recommendation, or advice expressed therein, and Bank expressly disclaims any and all liability in connection with user submissions.

You agree to waive, and hereby do waive, any legal or equitable rights or remedies you have or may have against Bank or the FRED® Dashboard with respect to third party content, and agree to indemnify and hold the Bank, its officers, employees and agents, harmless to the fullest extent allowed by law regarding all matters related to your use of the FRED® Dashboard.


Subscribe to the FRED newsletter


Back to Top