Tax Authority State & Local Tax Revenue Report

As the increased federal funding from the 2021 American Rescue Plan Act runs out, states that responded to healthy coffers by reducing income tax rates may find themselves struggling to raise revenue sufficient to support spending. Meanwhile, states that used the federal funds to build up their rainy-day accounts may have a fiscal cushion for any difficult times ahead.

Whether the coffers are low or state treasuries are feeling flush, all are carefully monitoring their inflow of tax revenue. Here, Law360 Tax Authority provides up-to-date coverage on states' tax revenue.





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--Graphics by Ben Jay.

NEWS & ANALYSIS

NJ Revenue Collection Through Nov. Up $309M

By Michael Nunes

New Jersey's major revenues from July through November rose $309 million compared with the same period last fiscal year, according to a report by the state Department of the Treasury.

Ga. General Fund Receipts Through Nov. Down $8.3M

By Michael Nunes

Georgia's general fund receipts from July through November trailed collections during the same period last year by $8.3 million, according to the governor's office.

Ky. General Revenue Through Nov. Up $62M From Last Year

By Michael Nunes

Kentucky's general fund revenue from July through November beat collections during the same period last fiscal year by $62 million, according to the Office of the State Budget Director.

Minn. General Revenues In Nov. $80M Under Forecasts

By Michael Nunes

Minnesota's total revenue collection in November trailed forecasts by $80 million, according to the state Management and Budget Office.

Mo. Net Revenues Through Nov. Down $203M From Last Year

By Michael Nunes

Missouri's total net revenue from July through November underperformed last year's collections during the same period by $203 million, according to the state Division of Budget and Planning.

Calif. Total Revenues Through Nov. Beat Forecast By $4B

By Michael Nunes

California total revenues from July though November beat forecasts by $4 billion, according to a report published by the State Controller's Office.

Ohio Revenues Through Nov. Outpace Forecast By $228M

By Michael Nunes

Ohio's total revenue from July though November exceeded budget forecasts by $228 million, according to a report by the Office of Budget Management.

Fla. Net Revenue Through Oct. Beats Estimate By $388M

By Michael Nunes

Florida net revenue from July through October surpassed a forecast by $388 million, according to the Office of Economic and Demographic Research.

Ala. Tax Revenue Through November Drops By $34M

By Michael Nunes

Alabama's total revenue from October through November lagged $34 million behind the same period in the last fiscal year, according to the state Department of Revenue.

Iowa Total Receipts From July Through Nov. Down $68M

By Michael Nunes

Iowa's total receipts from July through November lagged behind the same period last fiscal year by $68 million, according to the state's Department of Management.

NH Total Revenue Receipts Trail Estimate By $21M

By Michael Nunes

New Hampshire's total revenue receipts from July through November lagged behind forecasts by almost $21 million, according to the state Department of Administrative Services.

Nevada Sept. Sales Tax Revenue Declines 1% From Last Year

By Michael Nunes

Nevada's sales tax revenue collection in September fell roughly 1% compared with the same period last year, according to a report from the state's Department of Taxation.

W.Va. Tax Collections Through Nov. Beat Forecast By $5M

By Michael Nunes

West Virginia general revenue collection from July through November beat forecasts by $5 million, according to the state Budget Office.

Texas Net Revenue Through November Rises 1% From 2023

By Michael Nunes

Texas' total net revenue collection from September through November was 1% higher compared with the same period in the last fiscal year, according to a report from the state comptroller.

Ark. Revenues Through Nov. Outpace Estimate By $11M

By Michael Nunes

Arkansas' net revenue collection from July through November beat forecasts by $11 million, according to the state Department of Finance and Administration in a report released Tuesday.

Vt. General Revenue Collection Up $103M From Last Year

By Michael Nunes

Vermont's general revenue collection from July through October increased by $103 million from the same period last year, according to the state Agency on Administration.

Maine Beating Tax Estimates By 8.7% Through October

By Paul Williams

Maine's October general revenue collections exceeded estimates by $25.1 million, boosting the state's coffers through the first third of the fiscal year to $157.1 million, or 8.7%, over budget, according to a report by the state Department of Administrative and Financial Services.

Mich. Revenues In Oct. Rise $26M From Last Fiscal Year

By Michael Nunes

Michigan's general fund revenue in October beat last year's collection during the same period by $26 million, the state Budget Office said in a report Wednesday.

Del. Net Receipts Through Oct. Up $69M From Last Year

By Michael Nunes

Delaware's general revenue collection from July through October was $69 million higher than the same period last year, according to a monthly report by the state's Department of Finance.

Utah General Revenue Collection Through Oct. Up $85M

By Michael Nunes

Utah's general revenue collection from July through October beat last year's collection during the same period by $85 million, according to a report by the state Tax Commission.