State Tax Collections: Total Taxes for Vermont
QTAXTOTALQTAXCAT3VTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
926.00
Year-over-Year Change
23.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks total tax collections by the state government of Vermont. It provides insights into the state's revenue sources and fiscal health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Tax Collections: Total Taxes for Vermont series measures the cumulative tax revenue collected by the Vermont state government across all major tax categories. This metric is used by economists and policymakers to analyze the state's fiscal position and economic trends.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This indicator is closely monitored by state officials, tax policy analysts, and investors to understand Vermont's budgetary conditions and economic performance.
Key Facts
- Vermont's total tax collections averaged $637 million per quarter in 2022.
- Sales and use taxes account for the largest share of Vermont's state tax revenue.
- Tax collections grew by 10.3% in Vermont between 2020 and 2021.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Vermont series tracks the aggregate tax revenue collected by the Vermont state government across all major tax categories, including sales, income, property, and other levies.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Vermont's fiscal health and economic performance. It is closely monitored by state officials, tax policy experts, and investors to understand budgetary conditions and revenue trends in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau based on submissions from the Vermont Department of Taxes.
Q: How is this trend used in economic policy?
A: State tax collection data is used by Vermont policymakers, budget analysts, and economists to assess the state's fiscal position, make revenue projections, and inform tax and spending decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months. There may also be revisions to previous quarters' figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Vermont (QTAXTOTALQTAXCAT3VTNO), retrieved from FRED.