Federal dollars as a share of state government revenue fell to 34.2% in fiscal year 2024, declining 1.8 percentage points from the previous year as the increased funds that the federal government provided to states during the COVID-19 pandemic began to sunset. Although this drop signals a return to patterns seen before the pandemic, the federal share of state budgets remained slightly elevated compared with fiscal 2019.
Federal funds were the largest revenue source in 13 states, with most states primarily relying on state tax revenue. Tax collections accounted for 46.9% of overall state revenue in fiscal 2024, increasing by almost 0.2 percentage points from the prior year.
This infographic displays each state’s revenue by major categories.
Percentage of State Revenue by Source, FY 2024
Select revenue sources below to highlight them and re-sort the chart:
Taxes
Federal funds
Service charges
Miscellaneous
Local funds
0%25%50%75%100%0%25%50%75%100%
Note: This analysis uses “general revenue,” which accounts for all state revenue sources except state-owned liquor stores, utilities, and insurance trust funds.
Source: U.S. Census Bureau’s 2024 Annual Survey of State Government Finances
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