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

Okla. Revenue Through April Beat Estimates By $285M

By Michael Nunes

Oklahoma's general revenue collection from July through April exceeded budget forecasts by $285 million, according to a monthly report by the state Office of Management and Enterprise Services.

Miss. Revenue Collection Through April Up $51M

By Michael Nunes

Mississippi revenue collection from July through April was up $51 million from last fiscal year, according to a monthly report by the state Department of Revenue.

Ill. Revenues Beat Budget Forecasts By $388M

By Michael Nunes

Illinois' total general fund revenue for July through April exceeded budget projections by $388 million, the state Office of Management and Budget reported.

Neb. Net Receipts Through April Beat Forecasts By $139M

By Michael Nunes

Nebraska's net receipts from July through April were $139 million higher than projections, according to a monthly report by the state Department of Revenue published Wednesday.

Conn. Net Revenue Through April Up $618M From Last Year

By Michael Nunes

Connecticut's net revenue from July through April was $618 million ahead of last year, according to a monthly report by the state Department of Revenue Services.

NJ Total Revenues Through April Down $709M

By Michael Nunes

New Jersey general revenue collection from July through April dipped $709 million compared with the same period last year, the state Department of the Treasury reported Tuesday.

La. April Revenue Beats Previous Year By $120M

By Michael Nunes

Louisiana's total revenue in April was $120 million higher than the same month last year, according to a report by the state Department of Revenue.

Minn. Total Revenue In April $16M Ahead Of Forecasts

By Michael Nunes

Minnesota's total revenue in April beat budget estimates by $16 million, according to a report by the state Department of Management and Budget.

Ga. General Fund Receipts Through April Down $341M

By Michael Nunes

Georgia's general fund receipts from July through April dropped $341 million from the same period last year, according to the state's Department of Revenue.

Ohio Revenue Through April $1.1B Under Projection

By Michael Nunes

Ohio general revenue collection from July through April trailed budget estimates by $1.1 billion, according to a monthly report by the state Office of Budget and Management.

Calif. Total Receipts Through April Drop $4.8B From Estimates

By Michael Nunes

California's total receipts from July through April sank $4.8 billion from the governor's 2024-2025 budget, according to a monthly report by the state controller.

Ind. General Revenues Beat Budget Estimates By $23M

By Michael Nunes

Indiana's total general fund revenues in July through April were roughly $23 million higher than budget forecasts, according to a report by the State Budget Agency.

Ky. General Revenue Collection Up $461M From Last Year

By Michael Nunes

Kentucky general revenue collection from July through April grew $461 million from the last fiscal year, according to a monthly report from the Office of State Budget Director.

SD General Revenues Through April Up $24M Over Estimates

By Michael Nunes

South Dakota's general revenue collection was up roughly $24 million over budget estimates from July through April, according to a monthly report by the state Bureau of Finance and Management.

Mo. Net Revenue Collection Through April Up $280M

By Michael Nunes

Missouri's net general revenue collection from July through April was $280 million higher than in the previous fiscal year, according to a report by the state Office of Administration, Division of Budget and Planning. 

Pa.'s General Revenue Collection Beat Estimates By $739M

By Michael Nunes

Pennsylvania's general fund revenue from July through April was $739 million higher than budget estimates, according to a monthly report released Friday by the state Department of Revenue.

NH Revenues Through April Up $142M Over Budget Forecast

By Michael Nunes

New Hampshire general fund receipts were $142 million higher than budget estimates in July through April, according to a report by the state Department of Administrative Services.

Fla. Net Revenue Through March Beats Estimates By $468M

By Michael Nunes

Florida's net revenue collection from July through March was up $468 million over budget estimates, the state Office of Economic and Demographic Research reported.

Ala. Sees Dip In Net Revenue Through April

By Michael Nunes

Alabama collected roughly $23.49 million less in net revenue from October through April than it did during the same period last fiscal year, the state Department of Revenue reported.

Texas Net Revenue Down Through April, Comptroller Says

By Michael Nunes

Texas' net revenue collection from September through April dropped compared with the same period last fiscal year, the state comptroller's office said in a monthly report.