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

Mo. General Revenue Through April Down $88M

By Michael Nunes

Missouri's general fund revenue from July through April fell $88 million compared with the same period last fiscal year, according to the state Department of Revenue.

NH Revenues $42M Lower Than Projected

By Michael Nunes

New Hampshire's total revenue receipts from July through April were $42 million weaker than expected, according to a report by the state Department of Administrative Services.

Kansas Tax Collection Through April Up $20M From Estimates

By Michael Nunes

Kansas' tax collection from July through April beat estimates by nearly $20 million but lagged behind last year's total, according to a report by the state Division of the Budget.

Iowa General Fund Receipts Through April Down $529M

By Michael Nunes

Iowa's total receipts from July through April lagged $529 million behind collections from the same period in the previous year, according to a report by the state Department of Management.

Mass. Tax Revenue Through April Up $1.9B From Estimate

By Michael Nunes

Massachusetts general revenue collection from July through April exceeded budget forecasts by $1.9 billion, according to a report by the state Department of Revenue.

Vermont Revenue Grows By $177M Through March

By Michael Nunes

Vermont's total general fund revenue from July through March outpaced last fiscal year's collection for that period by $177 million, according to the state Agency of Administration.

Ark. Revenues Through April Up $52M From Forecast

By Michael Nunes

Arkansas' net revenue collection from July through April outperformed forecasts by $52 million, according to a report by the state Department of Finance and Administration.

Alabama Net Tax Collections Through April Up $184M

By Michael Nunes

Alabama's net general revenue collection from October through April beat last year's by $184 million, according to a report by the state Department of Revenue.

Texas Net Revenues Through April Up 4% From Last Year

By Michael Nunes

Texas net revenue collection from September through April outpaced the previous year's by nearly 4%, according to a report by the state Office of the Comptroller.

Arkansas Dept. Says General Revenue Down From Last Year

By Jaqueline McCool

Arkansas general revenue collection from July through April fell below the same time period last year by nearly $225 million, the state Department of Finance and Administration said Friday.

Fla. Net Revenue Through March Beat Estimates By $28M

By Michael Nunes

Florida's net revenue collection from July through March exceeded forecasts by $28 million, according to a report from the state's Office of Economic and Demographic Research.

West Virginia Revenues Beat Forecast By $237M

By Michael Nunes

West Virginia's general fund revenue from July through April exceeded estimates by $237 million but lagged behind last year during the same period by $111 million, according to a report by the state Budget Office.

Mich. Revenues Through March Surge $466M From Last Year

By Michael Nunes

Michigan's general revenue collection from October through March exceeded the same period in the previous year by $466 million, according to a report by the state Budget Office released Wednesday.

Maine Revenue Surpasses Forecast By $8M Through March

By Michael Nunes

Maine's general revenue collection from July through March outperformed a forecast by $8 million, according to a report by the state Department of Administrative and Financial Services.

ND General Revenue Misses Estimate By $10M

By Michael Nunes

North Dakota's general revenue collection from July 2023 to March underperformed a forecast by roughly $10 million, according to a report by the state Legislative Council.

Conn. Net Revenue Through March Up $848 Million

By Michael Nunes

Connecticut's net general revenue collection from July through March outpaced last year's collection for the same time frame by $848 million, according to a report by the state's Department of Revenue Services.

Wis. Revenues Through March Grow By $654M

By Michael Nunes

Wisconsin general revenues from July through March beat last fiscal year's collection for that period by $654 million, according to a report by the state Department of Revenue.

Arizona Revenues Through March Beat Forecast By $15M

By Michael Nunes

Arizona's general revenue collection from July through March beat forecasts by $15 million, according to a report by the state's Joint Legislative Budget Committee.

NM Revenue Through Oct. Tops Forecast By $348M

By Michael Nunes

New Mexico's general fund revenue collection from July through October outpaced an estimate by $348 million, according to the state Legislative Finance Committee.

Va. General Revenue Through March Up $1.2B

By Michael Nunes

Virginia's general revenue collection from July through March beat last year's collection during the same period by $1.2 billion, according to a report by the state's secretary of finance.