Fiscal 50: State Trends and Analysis

Pew’s Fiscal 50: State Trends and Analysis presents 50-state data on key fiscal, economic, and demographic indicators and analyzes their impact on states’ long-term fiscal health. Drill down into state finances in five core areas.

Overview

 States Slowly Regain Fiscal Ground Lost in the Great Recession. Read the analysis.

Revenue

  • Tax Revenue: State Tax Revenue Hits New Peak. View the indicator or read the analysis.
  • Federal Share of State Revenue: Federal Funds Provide Nearly $1 in $3 of State Revenue. View the indicator or read the analysis.

Spending

  • Change in State Spending: States Adjust to Life After Federal Stimulus Aid. View the indicator or read the analysis.

Economy & People

  • Employment to Population Ratio: Employment Still Trails Prerecession Rates in Most States. View the indicator or read the analysis.

Long-Term Costs

  • Debt and Unfunded Retirement Costs: Long-term Obligations Vary Across States. View the indicator or read the analysis.

Fiscal Policy

  • Reserves and Balances: States Slowly Replenish Reserve Funds. View the indicator or read the analysis

featured

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April 21, 2014
 

States Slowly Regain Fiscal Ground Lost in Great Recession

More than four years after the Great Recession officially ended, states’ financial conditions are improving. But an examination of 50-state data by Pew's Fiscal 50: State Trends and Analysis shows most have yet to get back to where they were on some key measures of fiscal health. More
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April 21, 2014
 

Federal Funds Provide Nearly $1 in $3 of State Revenue

The share of states’ revenue coming from the federal government surged in the wake of the Great Recession and then fell as federal stimulus funds expired and state tax revenue recovered. More
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April 21, 2014
 

States Adjust to Life After Federal Stimulus Aid

State governments began to wean themselves in fiscal year 2012 from the record-high federal assistance that followed the Great Recession. More
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April 21, 2014
 

Employment Still Trails Prerecession Rates in Most States

Employment rates for 25- to 54-year-olds were lower in 34 states in 2013 than in 2007, before the Great Recession. More
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February 21, 2014
 

State Tax Revenue Hits New Peak

Total state tax revenue finally appears to have recovered from its plunge in the Great Recession, after adjusting for inflation. In the second quarter of 2013, receipts for the 50 states combined narrowly surpassed their collective peak in 2008. But recovery was uneven. Only 20 states were above peak. More
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February 21, 2014
 

States Slowly Replenish Reserve Funds

Half of the states expected to have enough financial cushion to cover nearly 30 days of operating expenses at the end of fiscal 2013. That compares with a median of 41 days of operating expenses in reserve in fiscal 2007, just before the Great Recession. More
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November 27, 2013
 

Long-term Obligations Vary Across States

States commit to future spending when they borrow and when they fail to fully fund retirement costs for public employees. As of fiscal 2010, the largest of these long-term obligations was for unfunded pension liabilities in 31 states, unfunded retiree health care costs in 11 states, and public debt in eight states. More

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