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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

ND Fund Revenue Through May Lags Forecast By $76M

By Michael Nunes

North Dakota's general fund revenue from July through May underperformed estimates by $76 million, according to the state Legislative Council.

Maine Revenues Through May Up $71M From Estimate

By Michael Nunes

Maine collected roughly $71 million in revenue from July through May, according to a report by the state Department of Administrative and Financial Services released Thursday.

Del. Net Receipts Through May Up $286M From Last Year

By Michael Nunes

Delaware's net receipts from July through May exceeded the same period last year by $286 million, according to the state Department of Finance.

Ariz. Revenue Through May Beats Forecast By $350M

By Michael Nunes

Arizona's general fund revenue from July through May outpaced estimates by $350 million, according to the state Joint Legislative Budget Committee.

Vt. General Revenue Collection Through May Down $89M

By Michael Nunes

Vermont's tax and revenue collection for July through May lagged behind the same period last fiscal year by $89 million, according to a state Agency of Administration report released Tuesday.

Pa. General Revenues Through May $928M Above Forecast

By Michael Nunes

Pennsylvania's general fund revenue from July through May outpaced estimates by $928 million, according to the state's Department of Revenue in a report released Monday.

Utah General Fund Revenue Through May Up $586M

By Michael Nunes

Utah's general fund revenue from July through May exceeded the same period last year by $586 million, according to the State Tax Commission.

Conn. Revenue Through May Exceeds Last Year By $1B

By Michael Nunes

Connecticut's total revenue collection from July through May was $1 billion higher than the same period last fiscal year, according to the state Department of Revenue.

Tenn. Revenues Through May Rise $482M From Estimates

By Michael Nunes

Tennessee's general fund revenue from July through May exceeded forecasts by $482 million, according to the state Department of Revenue.

NY Tax Revenue Through May Grows By $1.15B

By Michael Nunes

New York's tax collection in April and May exceeded the total from the same period last fiscal year by $1.15 billion, according to the state's tax department.

Ill. Total Revenues Through May Exceed Estimate By $202M

By Michael Nunes

Illinois total revenues from July through May beat forecasts by $202 million, according to a report released by the state Office of Management and Budget.

Neb. Receipts Through May Trail Forecast By $178M

By Michael Nunes

Nebraska's net receipts from July through May underperformed expectations by $178 million, according to a report by the state Department of Revenue.

Ky. General Revenue Through May Rises $185M

By Michael Nunes

Kentucky's general fund receipts from July through May outpaced the same period last fiscal year by $185 million, according to the state Department of Revenue.

Va. Revenues Through May Up $1.8B From Last Year

By Michael Nunes

Virginia's general fund revenue collected from July through May was $1.8 billion higher than the same period last year, according to the state Department of Taxation.

NJ Tax Revenue Through May $2.8B Higher Than Last Year

By Michael Nunes

New Jersey's general fund revenue collection from July through May outpaced last year by $2.8 billion, according to the state Department of the Treasury. 

Ga. Receipts Through May Top Previous Year By $345M

By Michael Nunes

Georgia's general fund receipts collection from July through May topped the same period last year by $345 million, according to the state Department of Revenue.

Minn. General Revenues In May $50M Higher Than Forecast

By Michael Nunes

Minnesota's general fund revenue in May outpaced estimates by $50 million, according to the state Department of Management and Budget.

Ohio Revenues Through May Beat Estimates By $300M

By Michael Nunes

Ohio's general fund revenue collection from July through May outpaced forecasts by $300 million, according to the state Office of Budget Management.

Calif. Revenue Through May Beats Estimate By $637M

By Michael Nunes

California's total revenue from July through May exceeded estimates by $637 million, the state comptroller reported.

Okla. Revenue Through May Beats Estimate By $458M

By Michael Nunes

Oklahoma's total revenue from July through May outpaced an estimate by $458 million, according to the state Office of Management and Enterprise Services.