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

Ark. Revenues Through November Beat Forecast By $109M

By Michael Nunes

Arkansas' net general fund revenue collection from July through November exceeded estimates by $109 million, according to the state Department of Finance and Administration.

Mass. Revenue In November Beats Estimate By $188M

By Michael Nunes

Massachusetts' general fund revenue collection from July through November outpaced estimates by $188 million, according to the state Department of Revenue.

NH Receipts Through November Down $6M From Estimate

By Michael Nunes

New Hampshire's total receipts from July through November underperformed estimates by $6 million, according to the state Department of Administrative Services.

Iowa Total Receipts Through November Down $571M

By Michael Nunes

Iowa's general fund revenue from July through November underperformed estimates by $571 million, according to the state Department of Management.

Mo. Revenues Through November Rise $209M From Last Year

By Michael Nunes

Missouri's general revenue fund collection from July through November beat the same period last fiscal year by $209 million, according to the state Department of Revenue.

Texas Revenue Through Nov. Rises 1.1% From Last Year

By Michael Nunes

Texas general fund revenue from September through November exceeded last year's total for the same period by 1.1%, according to the state comptroller's office.

W.Va. Revenue Tops Estimate By $131M Through November

By Michael Nunes

West Virginia's general fund revenue collection from July through November outpaced an estimate by $131 million, according to the state's Department of Revenue.

ND Revenue Through October Slightly Higher Than Estimate

By Michael Nunes

North Dakota's general fund revenue from July through October edged ahead of estimates by $2.6 million, according to the state Legislative Council.

Mich. General Revenue In October Up $285M From Last Year

By Michael Nunes

Michigan's general revenue collection in October exceeded last year's total by $285 million, the state Budget Office said in a report released Wednesday.

NC Revenue For July Through Oct. Up $699M From Last Year

By Michael Nunes

North Carolina's general fund revenue collected from July through October beat last year's total by $699 million, the Office of the State Controller said.

Vt. General Revenues Through Oct. Down $2M

By Michael Nunes

Vermont's general fund revenue collection from July through October lagged $2 million behind the same period last year, according to the state Agency of Administration in a report released Monday.

Wis. Revenues Through Fiscal Year $330M Over Last Year

By Michael Nunes

Wisconsin's general purpose revenue collection from July through October outpaced the same period last year by $330 million, according to the state Department of Revenue.

SC Revenue Collection Through October Rises $218M

By Michael Nunes

South Carolina's general fund revenue collection from July through October exceeded the same period last year by $218 million, according to the state Board of Economic Advisors.

Wash. Lowers Its Revenue Forecast Through 2029 By $66M

By Michael Nunes

Washington amended its revenue estimate through 2029 downward by $66 million, according to the State Economic and Revenue Forecast Council.

NJ Revenue Through Oct. $427M Higher Than Last Year

By Michael Nunes

New Jersey's general fund revenue collection from July through October beat last year's total during the same time frame by $427 million, according to the state Department of the Treasury.

Ill. Revenue Through Oct. Beats Budget Forecast By $193M

By Michael Nunes

Illinois general revenue collection from July through October beat estimates by $193 million, according to the Office of Management and Budget.

RI Revenue Through Oct. Beats Forecast By $45M

By Michael Nunes

Rhode Island's general revenue collection from July through October totaled $45 million more than an estimate, according to the state Department of Revenue.

Tenn. Revenue Through Oct. Tops Estimate By $49M

By Michael Nunes

Tennessee's total tax collection from July through October outpaced a forecast by $49 million, according to the state Department of Finance and Administration.

Neb. Net Receipts Through October Match Estimates

By Michael Nunes

Nebraska's net receipts from July through October totaled $2 billion, staying level with government forecasts, according to the state Department of Revenue.

Okla. Tax Revenues Through Oct. Up $114M From Estimate

By Michael Nunes

Oklahoma's general fund revenue from July through October outpaced forecasts by $114 million, according to the state Office of Management and Enterprise Services.