Arizona

Comparison of State and Local Government Revenue in the United States

Comparison of State and Local Government Spending in the United States -5yr -1yr Fiscal Year 2028

Debt and state personal income are based on calendar years; pension and retiree health care data are based on states’ own fiscal years. Pension and debt data are shown starting in 2007—the year before the beginning of the 18-month Great Recession. Other post-employment benefits (OPEB) data is reported since fiscal 2008 because states only began publishing the plans’ unfunded obligations in fiscal 2007, and states were still adjusting to the new reporting standards in the first two years. Starting in fiscal 2017, the Governmental Accounting Standards Board implemented new requirements for reporting on the financial standing of state OPEB programs. As a result, Pew is updating its methodology for publishing unfunded OPEB promises for fiscal 2017 and beyond, and this will be reflected in future updates.The size of a state’s liability is expressed as a percentage of personal income. But when expressing how much a state’s liability has changed, such as between 2007 and 2020, the difference between those percentages is measured in percentage points, not percent.

The data or facts (facts are more than mere bragging) help to understand situation,How’s the economy? What about taxes? Debt? Personal wages? in Texas as compare to other Economy which help policymakers and taxpayers to make better policies and investment for future of Texas. The Comptroller of Public Accounts, Texas forecasts revenue for the state, making it vitally important that keep a finger on the pulse of the economy. Third-party sources compiled the source data for these rankings; our office has not independently verified the data. The Comptroller does not control or guarantee the accuracy, completeness or timeliness of any source data — provided as of the date indicated — or related website. When you access any third-party website, you will be leaving the Comptroller’s website.