Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax
Percent Change, Not Seasonally Adjusted
REV5412TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.30
Year-over-Year Change
95.24%
Date Range
1/1/2004 - 4/1/2025
Summary
The 'Percent Change, Not Seasonally Adjusted' trend measures the quarterly percentage change in U.S. state and local tax revenue. This key indicator provides insight into the health of state and local government finances.
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
This series represents the percent change from the previous quarter in total state and local tax revenue across the United States, calculated on a non-seasonally adjusted basis. It is a valuable metric for analyzing trends in government fiscal conditions and the broader economic environment.
Methodology
The data is collected and calculated by the U.S. Census Bureau from quarterly surveys of state and local government tax collections.
Historical Context
Policymakers and economists closely monitor this trend to assess the financial health of state and local governments and their ability to provide public services.
Key Facts
- Percent change is calculated on a non-seasonally adjusted basis.
- Trend provides insight into the fiscal condition of state and local governments.
- Data is collected quarterly by the U.S. Census Bureau
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percentage change in total state and local tax revenue across the United States, calculated on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the financial health and fiscal conditions of state and local governments, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau from quarterly surveys of state and local government tax collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the ability of state and local governments to provide public services and make informed decisions about fiscal policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, Percent Change, Not Seasonally Adjusted (REV5412TAXABL157QNSA), retrieved from FRED.