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.






Click any state to see more infomation




--Graphics by Ben Jay.

NEWS & ANALYSIS


Vt. Revenue Through Aug. Grows By $18M

By Michael Nunes

Vermont's general fund revenue from July and August outpaced the total collected in those months last year by $18 million, according to the state's Agency of Administration.

W.Va. Revenue Through Sept. Beats Forecast By $61M

By Michael Nunes

West Virginia's general fund revenue from July through September beat an estimate by $61 million, according to a report released Thursday.

DC Estimates $714M Rise In Revenue From Prior Year

By Michael Nunes

Washington, D.C., expects revenue collections for the fiscal year that ended last month to total $714 million more than collections in the year prior, partly because of higher individual and corporate income tax revenue, its chief financial officer said.

RI Revenue Tops Forecast By $5M In July

By Michael Nunes

Rhode Island's general revenue collection in July outpaced an estimate by about $5 million, the state Department of Revenue reported.

Michigan General Revenues Top Last Year By $940M

By Michael Nunes

Michigan's general revenue collection from October 2024 through August beat last year's total by $940 million, according to the state Department of Revenue in a report released Tuesday.

Maine General Revenues Exceed Budget Forecast By $46M

By Michael Nunes

Maine general fund revenue collection in July and August beat forecasts by $46 million, according to a report by the state Department of Revenue.

​​​​​​​SC Revenue Through August Drops $283K From Last Year

By Michael Nunes

South Carolina's general revenue collection in July and August sank $283,000 from last year, the state Board of Economic Advisors reported.

Ariz. Revenues Through August Up $158M From Forecast

By Michael Nunes

Arizona's general fund revenue in July and August outpaced forecasts by roughly $158 million, the state Joint Legislative Budget Committee reported.

Tenn. Revenues In August Up $16M From Estimates

By Michael Nunes

Tennessee revenue collection in August outpaced forecasts by $16 million, the Department of Revenue reported.

Miss. Total Revenue Collection Up $48M From Last Year

By Michael Nunes

Mississippi's general fund revenue in July and August outpaced last year during the same period by $48 million, according to the state Department of Revenue.

NC Revenue Collection In July Up $140M

By Michael Nunes

North Carolina's general revenue collection in July beat last year's total in the same month by $140 million, according to the state controller's office.

NY Total Tax Collection Through Aug. Up $5B From Last Year

By Michael Nunes

New York's total tax collection from April through August was roughly $5 billion ahead of forecasts, according to the Department of Taxation and Finance.

Neb. Net Receipts Through August Top Estimates By $32M

By Michael Nunes

Nebraska's net receipts in July and August were $32 million stronger than forecast, according to the state Department of Revenue.

Ill. Revenue Through August Beats Budget Forecast By $149M

By Michael Nunes

Illinois total revenue collection in July and August outpaced estimates by $149 million, the state Department of Revenue reported.

Ky. General Revenue Through August Drops $85M

By Michael Nunes

Kentucky's general fund revenue collection in July and August lagged behind the same period last year by roughly $85 million, according to the Department of Revenue.

NJ Tax Revenue Through Aug. $43M Higher Than Last Year

By Michael Nunes

New Jersey's revenue collection in July and August exceeded last year's during the same period by $43 million, according to the state Department of the Treasury in a report released Monday.

Va. Revenue Through Aug. Rises $287M From Last Year

By Michael Nunes

Virginia's general fund revenue collection in July and August outpaced last year's total for that period by $287 million, according to the state secretary of finance.

Oklahoma Revenues Beat Estimates By $47M

By Michael Nunes

Oklahoma's net revenue collection in July and August outpaced estimates by $47 million, according to the state Office of Management and Enterprise Services.

Ohio Revenues Through August Beat Estimates By $30M

By Michael Nunes

Ohio's general fund revenue in July and August outpaced estimates by about $30 million, according to the state Office of Budget and Management.

Minn. Revenue Beat August Forecast By $86M

By Michael Nunes

Minnesota's total revenue in August exceeded estimates by $86 million, according to the state Department of Management and Budget.