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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.

NEWS & ANALYSIS
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.
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.
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.
By Michael Nunes
Rhode Island's general revenue collection in July outpaced an estimate by about $5 million, the state Department of Revenue reported.
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.
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.
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.
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.
By Michael Nunes
Tennessee revenue collection in August outpaced forecasts by $16 million, the Department of Revenue reported.
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.
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.
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.
By Michael Nunes
Nebraska's net receipts in July and August were $32 million stronger than forecast, according to the state Department of Revenue.
By Michael Nunes
Illinois total revenue collection in July and August outpaced estimates by $149 million, the state Department of Revenue reported.
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.
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.
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.
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.
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.
By Michael Nunes
Minnesota's total revenue in August exceeded estimates by $86 million, according to the state Department of Management and Budget.