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


Neb. Receipts Sink $121M Through Sept. From Previous Year

By Michael Nunes

Nebraska's total net receipts from July through September sank $121 million compared with the same period in the last fiscal year, according to the state Department of Revenue.

Ariz. Revenues Through Sept. Beat Estimate By $108M

By Michael Nunes

Arizona's total general fund revenue from July through September outpaced forecasts by $108 million, according to the state's Joint Legislative Budget Committee.

NJ General Revenues Through Sept. Rise 4% From Last Year

By Michael Nunes

New Jersey general revenue from July through September beat last year's collection by 4.3%, according to the state Department of the Treasury.

Ill. Revenue Collection Through Sept. Lags Forecasts By $12M

By Michael Nunes

Illinois' general fund revenue collection from July through September came in below forecasts by $12 million, according to a report by the Governor's Office of Management and Budget.

Idaho Revenue Through Sept. Exceeds Forecast By $66M

By Michael Nunes

Idaho's general fund revenue from July through September beat an estimate by $66 million, the state Division of Financial Management said.

Conn. Net Revenue Through Sept. Beats Last Year By $123M

By Michael Nunes

Connecticut's net revenue collection from July through September was $123 million higher than it was during the same period last year, according to the state Department of Revenue Services.

NY Tax Collections Through Sept. Up $3B From Last Year

By Michael Nunes

New York's net tax collection from July through September outpaced last year during the same period by $3.1 billion, according to a report by the state Department of Taxation and Finance.

Ky. Revenue Through Sept. Up $50M From Last Year

By Michael Nunes

Kentucky general fund revenue from July through September totaled $50 million more than it did during the same period last year, according to the Office of State Budget Director.

NC Revenue Through Aug. Up $101M From Last Year

By Michael Nunes

North Carolina's total revenue for July and August was $101 million higher than during the same period last fiscal year, according to the Office of State Controller.

Wis. Revenue Through Sept. Up $171M From Last Year

By Michael Nunes

Wisconsin's general purpose revenue from July through September totaled $171 million more than last year's collection for the same period, according to the state Department of Revenue.

Ohio General Revenue Collection Up $309M From Estimate

By Michael Nunes

Ohio's general revenue collection from July through September beat estimates by $309 million, according to a report by the state Office of Budget and Management.

Pa. Revenue Beats Estimate By $20M Through Sept.

By Michael Nunes

Pennsylvania's general fund revenue from July through September exceeded a budget forecast by $20 million, according to a report by the state Department of Revenue.

Calif. Total Receipts Through Sept. $5.5B Over Forecasts

By Michael Nunes

California's total receipts from July through September was $5.5 billion higher than estimates, according to a monthly report the state controller released Thursday.

Mo. Revenue Collection Drops $127M From Previous Year

By Michael Nunes

Missouri's net revenue collection from July through September sank $127 million from the same period last fiscal year, according to a report by the state Department of Revenue.

SD Tax Revenues Through Sept. Down $10M From Forecast

By Michael Nunes

South Dakota's general fund revenue from July through September trailed a budget estimate by $10 million, according to the state Bureau of Finance and Management.

Mont. Tax Revenue Through Sept. Up $4M From Last Year

By Michael Nunes

Montana's general fund revenue from July through September climbed $4 million higher than the total for that period last year, according to a monthly report by the state Department of Revenue.

Ark. Net Revenue Tops Forecast By $18M Through Sept.

By Michael Nunes

Arkansas net general revenue from July through September exceeded an estimate by $18 million, the state Department of Finance and Administration reported.

NH Revenue Through Sept. Misses Estimate By $20M

By Michael Nunes

New Hampshire total receipts from July through September fell short of a forecast by $20 million, according to a report by the state Department of Administrative Services.

W.Va. Revenue Through Sept. Beats Forecast By $1.2M

By Michael Nunes

West Virginia general revenue from July through September surpassed an estimate by $1.2 million, the state Budget Office reported.

Ala. Net Tax Collections Increased $306M In Fiscal Year 2024

By Michael Nunes

Alabama general revenue from October 2023 through September was $306 million higher than during the 2023 fiscal year, according to a report by the state Department of Revenue.