State Expenditure Report

This edition of the State Expenditure Report includes data from estimated fiscal 2024, actual fiscal 2023, and actual fiscal 2022. The report includes 50-state data broken down by fund source and program area, as well as data from three U.S. territories and the District of Columbia.

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Brian Sigritz
202-624-8439
bsigritz@nasbo.org

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In fiscal 2024, total state spending (state and federal funds combined) continued to stabilize following pandemic increases. Total state spending increased 6.2 percent in fiscal 2024, growing moderately for a third consecutive year, following record growth in 2021. While states’ own funds (general funds and other state funds combined) continued to grow strongly in fiscal 2024, federal funds to states have leveled off following rapid growth. The recent slowdown is largely due to states having already expended most of federal COVID-19 relief funds and the expiration of enhanced federal Medicaid funding.

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