US EditionSurge in State Revenue, Growing Expenditures and Inflation
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Surge in State Revenue, Growing Expenditures and Inflation
How has state government spending and revenue changed from 2017 to 2022? Changes in revenue and spending can be a key indicator of state priorities for the size and scope of government, as well as a state’s overall health and economic output. Oftentimes revenue and expense growth tracks with the rate of inflation, as well as increases in wages and property values. However, state and local governments have generally grown larger overtime, having …
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