W023RC1Q027SBEAState & Local Receipts (W023RC1Q027SBEA) — Current Value & Historical Data
State & Local Receipts (W023RC1Q027SBEA) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is State & Local Receipts (W023RC1Q027SBEA)?
BEA Account Code: W023RC For more information about this series, please see. This series is measured in Billions of Dollars and updated quarterly.
Current State & Local Receipts (W023RC1Q027SBEA) Value
As of January 1, 2026, the current state and local government current receipts is 4068.18 Billions of Dollars. This is the most recent observation available for this series, updated quarterly.
State & Local Receipts Historical Trend
State and local government current receipts rose 1.07% quarter-over-quarter. Over the past year, state and local government current receipts rose 5.07% from January 2025. In the series' tracked history, the highest recorded value was 4093.73 (April 2021), and the lowest was 13.20 (January 1947).
Methodology & Source
Source
Bureau of Economic Analysis
Frequency
Quarterly
Units
Billions of Dollars
Notes
BEA Account Code: W023RC For more information about this series, please see http://www.bea.gov/national/....
Frequently Asked Questions About State & Local Receipts (W023RC1Q027SBEA)
What is the current state and local government current receipts?
As of January 1, 2026, state and local government current receipts stands at 4068.18 Billions of Dollars.
Where does state and local government current receipts data come from?
State and local government current receipts data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is state and local government current receipts updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for state and local government current receipts?
In the available data, the highest value was 4093.73 Billions of Dollars in April 2021, and the lowest was 13.20 Billions of Dollars in January 1947.
How has state and local government current receipts changed over the past year?
Over the past year, state and local government current receipts increased 5.07%.
See State & Local Receipts in context
W023RC1Q027SBEA is tracked on the State & Local Government dashboard, alongside related indicators and historical context.
View the State & Local Government dashboard →Related government-spending dashboards
How State & Local Receipts connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.