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

Iowa Total Receipts Through Feb. Down $100M

By Michael Nunes

Iowa's general fund receipts from July through February lagged behind estimates by $100 million, according to the state Division of the Budget.

Texas Revenues Through Feb. Beat Last Year By $127M

By Michael Nunes

Texas' general fund revenue collection from September through February was $127 million higher than the same period last year, according to the state comptroller.

Miss. Revenues Through February Exceed Estimate By $99M

By Michael Nunes

Mississippi's general fund revenue collection from July through February outpaced estimates by $99 million, according to the state Department of Revenue.

W.Va. Revenue Through Feb. Tops Forecast By $159M

By Michael Nunes

West Virginia's general revenue collection from July through February beat an estimate by $159 million, according to the state Department of Revenue.

Wis. Revenue Collection Through Jan. Up $677M

By Michael Nunes

Wisconsin's revenue collection from July through January outpaced the same period last year by $677 million, according to the Department of Revenue.

Fla. Net Revenue Through Jan. Misses Estimate By $17M

By Michael Nunes

Florida's net general revenue collection from July through January underperformed an estimate by $17 million, according to the state Office of Economic and Demographic Research.

Mich. Revenues Through Jan. Up $609M From Last Year

By Michael Nunes

Michigan's general revenue from October through January outpaced the same period last year by $609 million, according to the state Budget Office in a report released Monday.

NC Revenue Collection Through Jan. Up $480M

By Michael Nunes

North Carolina's revenue collection from July through January rose $480 million from the same period last year, according to the Office of the State Controller.

Tenn. Revenue Through Jan. Beats Estimates By $27M

By Michael Nunes

Tennessee's general fund revenue collection from July through January outpaced estimates by $27 million, according to the state Department of Finance and Administration.

Vt. General Revenues Through Jan. Down $135M

By Michael Nunes

Vermont's general revenue fund collection from July through January underperformed the same period last year by $135 million, according to the state Agency of Administration.

Ariz. Revenue Through Jan. Misses Forecast By $16M

By Michael Nunes

Arizona's general fund revenue from July through January lagged behind an estimate by $16 million, according to the state Joint Legislative Budget Committee.

Del. Net Receipts Through Jan. Rise $526M From Last Year

By Michael Nunes

Delaware's net receipts from July through January outpaced collections made during the same period last fiscal year by $526 million, according to the state Department of Finance.

RI General Revenue Through Jan. Beat Estimates By $14.2M

By Michael Nunes

Rhode Island's general fund revenue collection from July through January exceeded forecasts by $14.23 million, according to the state Department of Revenue.

NJ Tax Revenue Through Jan. $969M Higher Than Last Year

By Michael Nunes

New Jersey's revenues from July through January were $969 million ahead of last year, according to the state Division of Taxation.

NY Tax Collections Through Jan. Up $6.84B From Last Year

By Michael Nunes

New York's tax collections from April through January outpaced the same period last year by $6.84 billion, according to the state Department of Taxation and Finance.

Va. General Revenue Collection Through January Up $1.18B

By Michael Nunes

Virginia's general fund revenue from July through January beat collections made during the same period last year by $1.18 billion.

Ill. Revenue Through Jan. Beats Budget Forecast By $206M

By Michael Nunes

Illinois' general fund revenue collection from July through January was $206 million more than estimated, according to the Governor's Office of Management and Budget.

Ga. General Fund Receipts Up $346M Through January

By Michael Nunes

Georgia's general fund receipts from July through January exceeded the total from the same period last year by $346 million, according to the state Department of Revenue.

Calif. Revenue Through Jan. Up $6.87B From Forecast

By Michael Nunes

California's general fund revenue collection from July through January outpaced estimates by $6.87 billion, according to the state controller's office.

Minn. Receipts Top Forecast By $513M In January

By Michael Nunes

Minnesota's monthly receipts in January beat an estimate by $513 million, according to the state's Department of Management and Budget.