Alabama Fiscal Statistics

StatisNostics/State Financials/Alabama

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20122024

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State Revenue Analysis (Alabama: 2012–2024)

Population: 4,817,484 → 5,074,296 (5.3% change)

Overall Revenue Trends

Total Revenue▲ 87.3%

$24,310,397,000 (2012)→$45,522,962,000 (2024)

Per Capita Revenue▲ 77.8%

$5,046 (2012)→$8,971 (2024)

Fund Balances▼ 100%

$12,510,481,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.2%

Major Tax Revenue

Property Tax▲ 93%

$321,530,000 (2012)→$620,698,000 (2024)

Sales Tax▲ 101.9%

$2,274,658,000 (2012)→$4,592,131,000 (2024)

Utility Revenue

Solid Waste Charges▲ 37.3%

$6,574,000 (2012)→$9,027,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 4252.6%

$633,000→$27,552,000

Parks & Recreation Charges▲ 4162.1%

$1,389,000→$59,200,000

Corporation Net Income Tax▲ 428.0%

$413,253,000→$2,181,796,000

Declining/Slowest Growing Sources

Federal Intergovernmental Sewerage▼ 97.3%

$18,382,000→$497,000

Unemployment - Contribution▼ 75.1%

$515,296,000→$128,493,000

Severance Tax▼ 67.1%

$116,467,000→$38,337,000

Revenue Forecast

Projected Revenue (Next Year)▲ 1.3%

Estimated: $46,125,744,651

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare24.7%

Individual Income Tax12.4%

Total General Sales Taxes9.4%

Higher Education Tuition Charges6.8%

Federal Intergovernmental Education6.6%

Hospital Charges5.9%

Public Utilities Tax3.0%

Federal Intergovernmental Highways2.8%

Motor Fuels Sales Tax2.2%

Unemployment - Contribution2.1%

Federal Intergovernmental Other2.1%

Other Selective Sales Taxes2.0%

Corporation Net Income Tax1.7%

Higher Education Auxiliary Charges1.5%

Property Tax1.3%

Donations From Private Sources1.3%

Federal Intergovernmental Health & Hospitals1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Insurance Premium Tax1.1%

Interest Earnings1.1%

Liquor Stores Revenue1.1%

Motor Vehicle License0.8%

Alcoholic Beverage Sales Tax0.7%

Fines & Forfeits0.7%

Water Transportation & Terminal Charges0.6%

Corporation License Tax0.5%

Tobacco Sales Tax0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Federal Intergovernmental General Support0.5%

Severance Tax0.5%

Royalties0.3%

All Other Not Elsewhere Classified Charges0.3%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Housing & Community Development0.2%

Federal Intergovernmental Employment Security Administration0.2%

Local Intergovernmental Health & Hospitals0.2%

Documentary & Stock Transfer Tax0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Local Intergovernmental Public Welfare0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Other0.1%

Local Intergovernmental Highways0.1%

Hunting & Fishing License0.1%

Sale of Property0.1%

Federal Intergovernmental Air Transportation0.1%

Federal Intergovernmental Sewerage0.1%

Federal Intergovernmental Water Utilities0.1%

Public Utility License Tax0.1%

Housing & Community Development Charges0.1%

Local Intergovernmental Education0.0%

Rents0.0%

Solid Waste Charges0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Parimutuels Tax0.0%

Parks & Recreation Charges0.0%

Regular Highway Charges0.0%

Unemployment - Interest Revenue0.0%

Death & Gift Tax0.0%

Air Transportation Charges0.0%

Amusement Tax0.0%

Other License Tax0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare22.6%

Individual Income Tax11.6%

Total General Sales Taxes10.1%

Hospital Charges9.8%

Federal Intergovernmental Education8.4%

Higher Education Tuition Charges5.2%

Corporation Net Income Tax4.8%

Federal Intergovernmental Highways2.5%

Interest Earnings2.5%

Miscellaneous General Revenue Not Elsewhere Classified2.4%

Motor Fuels Sales Tax2.1%

Public Utilities Tax1.7%

Federal Intergovernmental Other1.6%

Other Selective Sales Taxes1.5%

Higher Education Auxiliary Charges1.5%

Property Tax1.4%

Insurance Premium Tax1.3%

Federal Intergovernmental Health & Hospitals1.2%

Liquor Stores Revenue1.2%

Donations From Private Sources0.9%

Alcoholic Beverage Sales Tax0.6%

Motor Vehicle License0.5%

Corporation License Tax0.5%

Water Transportation & Terminal Charges0.4%

Fines & Forfeits0.3%

All Other Not Elsewhere Classified Charges0.3%

Federal Intergovernmental Other Natural Resources0.3%

Tobacco Sales Tax0.3%

Unemployment - Contribution0.3%

Local Intergovernmental Other0.2%

Federal Intergovernmental General Support0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Local Intergovernmental Health & Hospitals0.1%

Parks & Recreation Charges0.1%

Federal Intergovernmental Employment Security Administration0.1%

Documentary & Stock Transfer Tax0.1%

Motor Vehicle Operators License0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Air Transportation0.1%

Federal Intergovernmental Housing & Community Development0.1%

Severance Tax0.1%

Royalties0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Unemployment - Interest Revenue0.1%

Local Intergovernmental Highways0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Education0.1%

Public Utility License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Solid Waste Charges0.0%

Alcoholic Beverage License Tax0.0%

Regular Highway Charges0.0%

Parking Facilities Charges0.0%

Federal Intergovernmental Sewerage0.0%

Other License Tax0.0%

Key Insights

1Total revenue increased by 87.3% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 5.3%, while per-capita revenue changed by 77.8%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Alabama: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 148%

$10,936,903,000→$27,070,421,000

Per Capita Spending▲ 135%

$2,270→$5,335

Population Trends

Population Change▲ 5.3%

4,817,484 (2012)→5,074,296 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 133%

$103,233,000 (2012)→$240,119,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 32%

$516,896,000 (2012)→$682,298,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 98%

$301,392,000 (2012)→$596,724,000 (2024)

General Expenses▼ 1%

$721,281,000 (2012)→$714,713,000 (2024)

Alabama Key Insights

1Police protection spending increased by 133%, significantly outpacing population growth of 5.3%
2Per capita expenditures grew by 135%, indicating substantial service expansion or cost increases not explained by population growth alone
3Police Protection was the fastest growing major expense category at 133% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 36%

$7,997,113,000 (2012)→$10,892,956,000 (2024)

Industrial Revenue Debt▼ 100%

$692,027,000 (2012)→$0 (2024)

Per Capita Debt▲ 29%

$1,660 (2012)→$2,147 (2024)

Population Trends

Population Change▲ 5.3%

4,817,484 (2012)→5,074,296 (2024)

Debt Management

Most Recent Year (2024)

Issued:$955,015,000

Retired:$608,330,000

Net Change:+$346,685,000

Debt Retirement Trend

$808,178,000 → $608,330,000▼ 25%

Key Insights

1New debt issuance significantly increased the per-resident debt burden (up 29%).