Research Report State and Local Revenues
Kim S. Rueben, Carol Rosenberg
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State and local revenues have been relatively stable over the last 30 years, growing from 13.5 percent of GDP in 1972 to 16.3 percent in 2005. However, as shown in the table, the composition of revenues has changed, with property taxes declining from 25.6 percent of revenues to only 16.6 percent. Much of this decline occurred in the 1970s.
Research Areas Taxes and budgets State and local finance
Tags State and local tax issues
Policy Centers Income and Benefits Policy Center