Alabama Fiscal Statistics

StatisNostics/State Financials/Alabama

Historical State Finances

Alabama

$10.00K$10.00K$8.00K$8.00K$6.00K$6.00K$4.00K$4.00K$2.00K$2.00K20122012201320132014201420152015201620162017201720182018201920192020202020212021
Spending Per Capita - Alabama
Debt Per Capita - Alabama
Revenue Per Capita - Alabama

Filter Data by Year

20122021

Revenue Data

Air Transportation Charges

$100K$100K$80.00K$80.00K$60.00K$60.00K$40.00K$40.00K$20.00K$20.00K$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Revenue Analysis (Alabama: 2012ā€“2021)

Population: 4,817,484 ā†’ 4,903,185 (1.8% change)

Overall Revenue Trends

Total Revenueā–² 62.2%
$24,310,397,000 (2012)ā†’$39,435,523,000 (2021)
Per Capita Revenueā–² 59.4%
$5,046 (2012)ā†’$8,043 (2021)
Fund Balancesā–² 119.3%
$12,510,481,000 (2012)ā†’$27,440,613,000 (2021)
Revenue Volatilityāœ“ Low
Avg. fluctuation: 6.6%

Major Tax Revenue

Property Taxā–² 45.6%
$321,530,000 (2012)ā†’$468,015,000 (2021)
Sales Taxā–² 72%
$2,274,658,000 (2012)ā†’$3,912,037,000 (2021)

Utility Revenue

Solid Waste Chargesā–² 34.2%
$6,574,000 (2012)ā†’$8,825,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Parks & Recreation Chargesā–² 2239.0%
$1,389,000ā†’$32,489,000
Unemployment - Interest Revenueā–² 1383.3%
$633,000ā†’$9,389,000
Federal Intergovernmental Health & Hospitalsā–² 467.1%
$292,707,000ā†’$1,660,034,000

Declining/Slowest Growing Sources

Severance Taxā–¼ 66.6%
$116,467,000ā†’$38,852,000
Royaltiesā–¼ 46.2%
$77,338,000ā†’$41,614,000
Federal Intergovernmental Sewerageā–¼ 45.8%
$18,382,000ā†’$9,966,000

Revenue Forecast

Projected Revenue (Next Year)ā–² 12.1%
Estimated: $44,216,451,658
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare23.6%
Individual Income Tax12.4%
Total General Sales Taxes9.9%
Hospital Charges7.9%
Federal Intergovernmental Education7.1%
Higher Education Tuition Charges5.6%
Federal Intergovernmental Health & Hospitals4.2%
Corporation Net Income Tax2.9%
Miscellaneous General Revenue Not Elsewhere Classified2.5%
Federal Intergovernmental Highways2.5%
Motor Fuels Sales Tax2.2%
Public Utilities Tax1.7%
Other Selective Sales Taxes1.6%
Federal Intergovernmental Other1.6%
Unemployment - Contribution1.6%
Higher Education Auxiliary Charges1.5%
Liquor Stores Revenue1.2%
Insurance Premium Tax1.2%
Property Tax1.2%
Donations From Private Sources1.1%
Interest Earnings0.8%
Alcoholic Beverage Sales Tax0.7%
Motor Vehicle License0.7%
Corporation License Tax0.5%
Tobacco Sales Tax0.4%
Water Transportation & Terminal Charges0.4%
Fines & Forfeits0.3%
Federal Intergovernmental Other Natural Resources0.3%
All Other Not Elsewhere Classified Charges0.3%
Documentary & Stock Transfer Tax0.2%
Federal Intergovernmental General Support0.2%
Occupation & Business License Not Elsewhere Classified0.2%
Local Intergovernmental Other0.2%
Federal Intergovernmental Housing & Community Development0.2%
Federal Intergovernmental Employment Security Administration0.1%
Motor Vehicle Operators License0.1%
Royalties0.1%
Federal Intergovernmental Air Transportation0.1%
Severance Tax0.1%
Housing & Community Development Charges0.1%
Local Intergovernmental Health & Hospitals0.1%
Parks & Recreation Charges0.1%
Education Other State Charges Not Elsewhere Classified0.1%
Hunting & Fishing License0.1%
Federal Intergovernmental Water Utilities0.1%
Public Utility License Tax0.1%
Local Intergovernmental Highways0.1%
Local Intergovernmental Education0.0%
Local Intergovernmental Public Welfare0.0%
Federal Intergovernmental Sewerage0.0%
Natural Resources Not Elsewhere Classified Charges0.0%
Unemployment - Interest Revenue0.0%
Solid Waste Charges0.0%
Parimutuels Tax0.0%
Alcoholic Beverage License Tax0.0%
Regular Highway Charges0.0%
Other License Tax0.0%

Key Insights

  1. 1Total revenue increased by 62.2% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 1.8%, while per-capita revenue changed by 59.4%.
  3. 3The state's fund balances increased by 119.3%, suggesting improved fiscal health.

Expense Data

Air Transportation Construction

$30.00K$30.00K$25.00K$25.00K$20.00K$20.00K$15.00K$15.00K$10.00K$10.00K$5.00K$5.00K$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Expense Analysis (Alabama: 2012 - 2021)

Total Expenditure Trends

Operating Expendituresā–² 24%
$10,936,903,000ā†’$13,605,686,000
Per Capita Spendingā–² 22%
$2,270ā†’$2,775

Population Trends

Population Changeā–² 1.8%
4,817,484 (2012)ā†’4,903,185 (2021)

Public Safety Expenses

Police Protectionā–² 89%
$0 (2012)ā†’$0 (2021)
Fire Protectionā–¼ 0%
$0 (2012)ā†’$0 (2021)

Infrastructure Expenses

Highways Maintenanceā–² 20%
$0 (2012)ā†’$0 (2021)
Sewerage Operationsā–¼ 0%
$0 (2012)ā†’$0 (2021)

Administrative Expenses

Financial Administrationā–² 32%
$0 (2012)ā†’$0 (2021)
General Expensesā–¼ 8%
$0 (2012)ā†’$0 (2021)

Alabama Key Insights

  1. 1Police Protection was the fastest growing major expense category at 89% increase

Debt Data

Beginning Long-Term Debt Outstanding - Non-Guaranteed Public Debt for Private Purpose

$800.0M$800.0M$700.0M$700.0M$600.0M$600.0M$500.0M$500.0M$400.0M$400.0M$300.0M$300.0M$200.0M$200.0M201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debtā–² 9%
$7,997,113,000 (2012)ā†’$8,737,432,000 (2021)
Industrial Revenue Debtā–¼ 55%
$692,027,000 (2012)ā†’$308,523,000 (2021)
Per Capita Debtā–² 7%
$1,660 (2012)ā†’$1,782 (2021)

Population Trends

Population Changeā–² 1.8%
4,817,484 (2012)ā†’4,903,185 (2021)
āš ļø Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$1,689,794,000
Retired:$2,577,835,000
Net Change:$-888,041,000

Debt Retirement Trend

$808,178,000 ā†’ $2,577,835,000ā–² 219%
šŸ”„ Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.