Jan 29, 2025

Alabama Budgets include 43.08% from Federal budget sources

 


The average state receives 38% from the feds.

PEW Reports:

"The share of states’ total revenue coming from federal funds remained elevated in fiscal year 2022, fueled by pandemic aid dollars and infrastructure investments. Total federal grants to states topped $1 trillion for the first time, but amid soaring state tax collections, their share of state budgets declined slightly from a record high in fiscal 2021. The share of state revenue coming from federal funds is likely to stay elevated through fiscal 2024 as the temporary factors that have lifted state tax revenue in recent years fade and the remaining pandemic aid and other aid packages buoy federal grants.

In fiscal 2022, 36.4% of states’ revenue came from federal dollars, down from a record high of 36.7% the previous fiscal year. The share grew in 30 states compared with fiscal 2021 and in 48 states compared with fiscal 2019, just before the pandemic."

SOURCE:    https://www.pewtrusts.org/en/research-and-analysis/articles/2024/09/10/record-federal-grants-to-states-keep-federal-share-of-state-budgets-high

No comments:

Post a Comment