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


Vermont Revenue Grows $295M From Prior Year

By Michael Nunes

Vermont's general fund revenue from July 2024 through June topped the previous fiscal year's collection by $295 million, according to the state Agency of Administration.

Mass. Tax Collections In July Rise $7M From Last Year

By Michael Nunes

Massachusetts tax collections in July outpaced the amount collected in July 2024 by $7 million, the state's Department of Revenue reported.

Alabama Net Tax Collections Through July Up $376M

By Michael Nunes

Alabama's net tax collections from October 2024 through July outpaced last year by $376 million, according to the state Department of Revenue.

Texas General Revenues Up 3.1% From Last Year

By Michael Nunes

Texas' general fund revenue from September 2024 through July outpaced last year's totals by 3.1% according to the state comptroller's office.

Kansas Total Receipts In July Beat Forecast By $16M

By Michael Nunes

Kansas' total receipts in July exceeded an estimate by $16 million, according to the state Division of Budget.

W.Va. Revenues In July Up $22M From Budget Forecast

By Michael Nunes

West Virginia collected $22 million more than forecast in the first month of the 2026 fiscal year, according to the State Budget Office.

Ark. Revenue Beats Estimate By $29M In July

By Jaqueline McCool

Arkansas' net general revenue in July exceeded a state estimate by $29.2 million, according to a report released Monday by the state Department of Finance and Administration. 

Del. Net Receipts Rise $345M From Prior Year

By Michael Nunes

Delaware's net receipts from July 2024 through June exceeded the previous fiscal year's collection by $345 million, the state Finance Department reported.

Michigan General Revenue Through June Up $901M

By Michael Nunes

Michigan's general revenue fund revenue from October through June outpaced last year's collection by $901 million, according to the State Budget Office in a report released Wednesday.

NM Revenues Through Feb. Up $272M From Forecasts

By Michael Nunes

New Mexico's general fund revenue from July 2024 through February outpaced forecasts by $272 million, according to a report by the state's Legislative Finance Committee.

South Carolina Revenue Beats Estimate By $391M In FY 2025

By Michael Nunes

South Carolina's general revenue collection from July through June beat forecasts by $391 million, according to the state Board of Economic Advisors.

Colorado Revenues In June Surge $52M From Last Year

By Michael Nunes

Colorado's general fund revenue collection in June was $52 million higher than last year, according to the state Department of Revenue.

Ariz. Revenues In Fiscal Year 2025 Up $560M From Forecast

By Michael Nunes

Arizona's total general fund revenue collection from July 2024 through June beat estimates by $560 million, according to the state Joint Legislative Budget Committee.

Utah General Revenue Rises By $879M

By Michael Nunes

Utah's general revenue collection from July 2024 through June outpaced the previous fiscal year's total by $879 million, according to the State Tax Commission.

Mass. Tax Collections Through July 15 Down $24M

By Michael Nunes

Massachusetts' tax collection from July 1 through July 15 lagged behind the same period last year by $24 million, according to the state Department of Revenue.

NY Tax Collections Through June Rise By $3.4B

By Michael Nunes

New York state's tax collections from April through June outpaced last year's total for that period by $3.4 billion, according to the state Department of Taxation and Finance.

SD General Fund Receipts In 2025 Up $41M From Estimate

By Michael Nunes

South Dakota's general fund revenues from July 2024 through June pulled ahead of estimates by $41 million, the state Bureau of Finance and Management said.

Mississippi Total Revenue Up $35M From Last Year

By Michael Nunes

Mississippi's general revenue through the 2025 fiscal year outpaced last year's total by $35 million, the state Department of Revenue reported.

Ind. Annual General Revenues Beat Forecasts By $171M

By Michael Nunes

Indiana's general revenue collection from July 2024 through June exceeded forecasts by $171 million, according to the Department of State Revenue.

Ill. Revenue Beats Budget Forecast By $14M

By Michael Nunes

Illinois' general revenue collection in the 2025 fiscal year was $14 million more than expected, according to the state Office of Management and Budget.