Alabama Fiscal Statistics

StatisNostics/State Financials/Alabama

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20122023

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State Revenue Analysis (Alabama: 2012–2023)

Population: 4,817,484 → 5,039,877 (4.6% change)

Overall Revenue Trends

Total Revenue▲ 85.5%

$24,310,397,000 (2012)→$45,088,764,000 (2023)

Per Capita Revenue▲ 77.3%

$5,046 (2012)→$8,946 (2023)

Fund Balances▼ 100%

$12,510,481,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.7%

Major Tax Revenue

Property Tax▲ 72.2%

$321,530,000 (2012)→$553,812,000 (2023)

Sales Tax▲ 102.6%

$2,274,658,000 (2012)→$4,607,610,000 (2023)

Utility Revenue

Solid Waste Charges▲ 38.7%

$6,574,000 (2012)→$9,117,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Parks & Recreation Charges▲ 4128.1%

$1,389,000→$58,729,000

Unemployment - Interest Revenue▲ 2480.1%

$633,000→$16,332,000

Local Intergovernmental Education▲ 294.9%

$10,025,000→$39,592,000

Declining/Slowest Growing Sources

Sale of Property▼ 65.9%

$20,070,000→$6,843,000

Unemployment - Contribution▼ 61.9%

$515,296,000→$196,299,000

Severance Tax▼ 53.3%

$116,467,000→$54,359,000

Revenue Forecast

Projected Revenue (Next Year)▲ 7.1%

Estimated: $48,273,326,300

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare24.4%

Individual Income Tax13.1%

Total General Sales Taxes10.2%

Hospital Charges8.7%

Federal Intergovernmental Education8.1%

Higher Education Tuition Charges5.0%

Corporation Net Income Tax3.5%

Federal Intergovernmental Health & Hospitals2.3%

Motor Fuels Sales Tax2.1%

Federal Intergovernmental Highways2.1%

Miscellaneous General Revenue Not Elsewhere Classified2.1%

Interest Earnings2.0%

Public Utilities Tax1.7%

Higher Education Auxiliary Charges1.4%

Other Selective Sales Taxes1.4%

Federal Intergovernmental Other1.4%

Insurance Premium Tax1.2%

Property Tax1.2%

Liquor Stores Revenue1.2%

Donations From Private Sources1.0%

Alcoholic Beverage Sales Tax0.6%

Motor Vehicle License0.5%

Corporation License Tax0.5%

Unemployment - Contribution0.4%

Water Transportation & Terminal Charges0.4%

Federal Intergovernmental Housing & Community Development0.3%

Tobacco Sales Tax0.3%

Fines & Forfeits0.3%

All Other Not Elsewhere Classified Charges0.3%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental General Support0.2%

Local Intergovernmental Other0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Local Intergovernmental Health & Hospitals0.1%

Parks & Recreation Charges0.1%

Documentary & Stock Transfer Tax0.1%

Federal Intergovernmental Employment Security Administration0.1%

Severance Tax0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Education0.1%

Housing & Community Development Charges0.1%

Royalties0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Local Intergovernmental Highways0.1%

Federal Intergovernmental Air Transportation0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Sewerage0.0%

Unemployment - Interest Revenue0.0%

Public Utility License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Solid Waste Charges0.0%

Sale of Property0.0%

Alcoholic Beverage License Tax0.0%

Regular Highway Charges0.0%

Other License Tax0.0%

Key Insights

1Total revenue increased by 85.5% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 4.6%, while per-capita revenue changed by 77.3%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Alabama: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 133%

$10,936,903,000→$25,528,044,000

Per Capita Spending▲ 123%

$2,270→$5,065

Population Trends

Population Change▲ 4.6%

4,817,484 (2012)→5,039,877 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 124%

$103,233,000 (2012)→$231,423,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 24%

$516,896,000 (2012)→$643,071,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 81%

$301,392,000 (2012)→$545,356,000 (2023)

General Expenses▼ 4%

$721,281,000 (2012)→$691,459,000 (2023)

Alabama Key Insights

1Police protection spending increased by 124%, significantly outpacing population growth of 4.6%
2Per capita expenditures grew by 123%, indicating substantial service expansion or cost increases not explained by population growth alone
3Police Protection was the fastest growing major expense category at 124% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▼ 23%

$7,997,113,000 (2012)→$6,131,818,000 (2023)

Industrial Revenue Debt▼ 100%

$692,027,000 (2012)→$0 (2023)

Per Capita Debt▼ 27%

$1,660 (2012)→$1,217 (2023)

Population Trends

Population Change▲ 4.6%

4,817,484 (2012)→5,039,877 (2023)

Debt Management

Most Recent Year (2023)

Issued:$448,425,000

Retired:$477,515,000

Net Change:$-29,090,000

Debt Retirement Trend

$808,178,000 → $477,515,000▼ 41%