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From
time-to-time, additional States, cities, and counties may be
added. |
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Name of Government |
CAFR
Year |
Surpluses (In
Billions) |
Per Capita
Surplus |
Total 1st Yr
Benefits Per Capita |
Total Benefits -
Family of 4 |
Click for
Reports |
Alabama |
2003 |
$ 9.00 |
1,999 |
4,518 |
18,071 |
|
Alaska |
2003 |
$ 7.76 |
11,888 |
26,867 |
107,467 |
|
Arizona |
2003 |
$ 11.45 |
2,092 |
4,735 |
18,940 |
|
California |
2003 |
$ 59.83 |
1,695 |
3,830 |
15,321 |
|
Colorado |
2003 |
$ 6.60 |
1,450 |
3,169 |
12,675 |
|
Florida |
2003 |
$ 48.79 |
2,843 |
6,706 |
26,826 |
|
Georgia |
2002 |
$ 18.76 |
2,192 |
4,962 |
19,847 |
|
Hawaii |
2003 |
$ 4.40 |
3,492 |
7,892 |
31,567 |
|
Idaho |
2003 |
$ 2.18 |
1,608 |
3,634 |
14,535 |
|
Illinois |
2003 |
$ 17.47 |
1,386 |
3,458 |
13,833 |
|
Indiana |
2003 |
$ 11.73 |
1,904 |
4,303 |
17,210 |
|
Iowa |
2003 |
$ 4.84 |
1,647 |
3,722 |
14,889 |
|
Kentucky |
2003 |
$ 5.63 |
1,351 |
3,060 |
12,240 |
|
Louisiana |
2003 |
$ 9.65 |
2,152 |
4,862 |
19,450 |
|
Maryland |
2003 |
$ 6.68 |
1,225 |
2,783 |
11,134 |
|
Massachusetts |
2003 |
$ 10.06 |
1,565 |
3,536 |
14,143 |
|
Michigan |
2003 |
$ 10.13 |
1,009 |
2,282 |
9,129 |
|
Mississippi |
2003 |
$ 4.55 |
1,620 |
3,661 |
14,646 |
|
Minnesota |
2003 |
$ 10.53 |
2,078 |
4,700 |
18,798 |
|
Montana |
2003 |
$3.15 |
3,460 |
7,832 |
31,329 |
|
Nebraska |
2002 |
$2.88 |
1,679 |
3,700 |
14,799 |
|
Nevada |
2003 |
$ 3.56 |
1,530 |
3,457 |
13,830 |
|
New Jersey |
2003 |
$ 21.04 |
2,420 |
5,557 |
22,227 |
|
New York |
2003 |
$ 52.56 |
2,723 |
6,153 |
24,612 |
|
North Carolina |
2003 |
$ 12.99 |
1,537 |
3,625 |
14,500 |
|
North Dakota |
2003 |
$ 2.88 |
4,544 |
10,269 |
41,078 |
|
Ohio |
2003 |
$ 32.09 |
2,809 |
6,349 |
25,398 |
|
Oklahoma |
2003 |
$ 7.78 |
2,226 |
5,036 |
20,146 |
|
Oregon |
2003 |
$ 10.91 |
3,111 |
7,031 |
28,124 |
|
Pennsylvania |
20032 |
$ 21.07 |
1,715 |
4,010 |
16,041 |
|
South Carolina |
2003 |
$ 5.62 |
1,358 |
3,069 |
12,278 |
|
Tennessee |
2003 |
$ 4.23 |
719 |
1,625 |
6,499 |
|
Texas
|
2003 |
$ 53.77 |
2,417 |
5,463 |
21,854 |
|
Utah |
2003 |
$ 4.80 |
2,018 |
4,565 |
18,260 |
|
Virginia |
2003 |
$ 10.85 |
1,492 |
3,372 |
13,487 |
|
Washington |
2003 |
$ 17.65 |
2,921 |
6,504 |
26,015 |
|
West Virginia |
2003 |
$ 3.83 |
2,117 |
4,785 |
19,140 |
|
Wisconsin |
2003 |
$ 7.44 |
1,368 |
3,091 |
12,363 |
|
Wyoming |
2003 |
$ 5.95 |
11,941 |
26,030 |
104,121 |
|
Cities and Counties: |
|
(In
Millions) |
|
|
|
|
Pima County, AZ |
2003 |
$ 238.7 |
723 |
1,634 |
6,536 |
|
Phoenix, AZ |
2003 |
$ 2,343.3 |
1,610 |
3,639 |
14,555 |
|
Maricopa County,
AZ |
2003 |
$ 844.55 |
3,521 |
8,021 |
32,083 |
|
Scottsdale, AZ |
2003 |
$ 483.19 |
2,207 |
5,012 |
20,046 |
|
Tempe, AZ |
2003 |
$ 341.75 |
2,144 |
4,869 |
19,474 |
|
Glendale, AZ |
2003 |
$ 385.37 |
1,668 |
3,687 |
14,748 |
|
Mesa, AZ |
2003 |
$ 245.36 |
565 |
1,311 |
5,244 |
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Note: For those familiar with
governmental accounting, for surpluses we basically used GFOA Balance Sheet
Account Classification Codes 101, 102, 103, 151, 153, and 170 .
The above
chart indicates that the total surpluses for these States is $601 billion.
The above
States represent 93.5% of the U.S.
population. Now if this amount is extrapolated to the total U.S. population,
the total State-level potential surpluses are $601
billion. That is the amount of excess taxpayers money that the
States have sitting at the State-level government in excess of their needs to
operate the government. This does not include the school districts, cities
and/or counties in these States.
Economic Impact Analysis if State-Level
Potential Surpluses were returned to the people:
There are
two segments to our economy, the private sector (individuals/businesses) and
the public sector (governments). Individual and business/company economics are
completely different from government economics. But most people apply their
individual or a business/company economics to governments. For example, it
sounds OK for a government to have an emergency fund, a rainy day fund, to hold
money for future expansion, paying off debt, etc. Isn't that OK?
NO!
As the
above table demonstrates that when the surpluses are returned to the people
(private sector of our economy) some magic takes place. It is elementary
economics.
People fail
to realize that 12.2 million jobs would be created increasing the standard of
living for all. Unemployment would cease to exist. Wage and technology
productivity increases would be needed to make up for the shortage in the job
market.
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