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


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.

Mont. Revenues Through Jan. Beat Last Year by $34M

By Michael Nunes

Montana's general fund revenue collection from July through January was $34 million higher than during the same period last fiscal year, according to the state Department of Revenue.

Ala. Revenue Through Jan. Up $107M From Previous Year

By Michael Nunes

Alabama's general fund revenue from October through January was $107 million higher than last year, according to the state Department of Revenue.

Iowa Total Receipts Through January Down $893M

By Michael Nunes

Iowa's total receipts collection from July through January was $893 million behind the same period last year, according to the state Department of Management.

Mo. Total Revenues Through Jan. Rise $47M From Last Year

By Michael Nunes

Missouri's total collections from July through January outpaced the same period last year by $47 million, according to the state Department of Revenue.

Miss. Revenue Through Jan. Up $165M From Estimate

By Michael Nunes

Mississippi's general fund revenue collection from July through January exceeded a forecast by $165 million, according to the state Department of Revenue.

Ark. Revenue Through Jan. Beats Forecast By $160M

By Michael Nunes

Arkansas general fund revenue collection from July through January beat an estimate by $160 million, according to the state Department of Finance and Administration.

NH Total Receipts Through Jan. Up $44M From Estimates

By Michael Nunes

New Hampshire's general fund revenue collection from July through January outpaced estimates by $44 million, according to the state.

Mass. Tax Collection Through Jan. Beats Forecast By $532M

By Michael Nunes

Massachusetts tax collection from July through January outpaced an estimate by $532 million, according to the state Department of Revenue.

Texas Revenue Rises By $48M Through January

By Michael Nunes

Texas' net general revenue collection from September through January was $48 million higher than in the same period last fiscal year, according to the state comptroller's office.

W.Va. Revenues Through January Beat Forecast By $109M

By Michael Nunes

West Virginia's general fund revenue collection from July through January beat expectations by $109 million, according to the state Budget Office.

Fla. Net Revenue Through Dec. Beats Estimates By $480M

By Michael Nunes

Florida's net revenue from July through December was $480 million better than expected, according to the state Office of Economic and Demographic Research.