Information on basic trends in state and local government finances is presented in this fact sheet, which presents data on aggregate state and local government revenues, expenditures, and related variables for the period 1961-90. Data were derived from the Department of Commerce's National Income and Products Accounts to describe aggregate state-local trends and to contrast those with federal level trends. Data from the Bureau of Census and the Office of Management and Budget provide more detailed breakdowns of state and local revenues and expenditures. Trend data are presented in a graphic format accompanied by brief narrative descriptions. Individual sections present information on the following: the fiscal condition of the state-local sector; federal and state-local financing of domestic expenditures; state-local expenditures; state-local intergovernmental revenues; state-local own-source revenues; and recent experiences of state-local finances. Findings indicate that the state-local sector is experiencing record high tax burdens and deficits in financing current service operations and increased responsibility for financing domestic expenditures. With regard to revenue, state-local revenues from the federal government have decreased and revenues from personal income, general sales, and property taxes have increased. Five tables and 30 figures are included. Contributors to the report are listed in the appendix. (LMI)