2021•Unpublished venueOpen access

State Government Revenue Vulnerability Index and Local Government Revenue Vulnerability Index

Matthew Riddle, Braeton Smith, A. Ben Wagner, Amanda Savitt, Iain Hyde

Abstract

The State Government Revenue Vulnerability Index (SGRVI) and Local Government Revenue Vulnerability Index (LGRVI) measure the vulnerability of government revenues by estimating monthly changes relative to a January 2020 baseline. Revenues included in both indices include: taxes on products and sales, transportation and housing revenues, individual income taxes, severance taxes and royalties, and property taxes. Local government revenues also include a local revenue from state revenue sharing component. In addition, the main index for the LGRVI for county-level governments includes revenue estimates for sub-county government units, including municipalities, school districts, and special districts. This revenue data is aggregated to produce the indices.

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Key concepts: Revenue, Government revenue, Revenue sharing, Index (typography), Local government, Business, Vulnerability index, Revenue center