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

NC General Revenues Through Nov. Up $369M

By Michael Nunes

North Carolina's general fund revenue from July through November was $369 million higher than the same period last fiscal year, according to the Office of the State Controller in a report released Wednesday.

Neb. Tax Receipts Through Nov. Beat Forecast By $18M

By Michael Nunes

Nebraska's tax collections from July through November exceeded forecasts by $18 million, according to the state Department of Revenue.

Ill. General Revenues Beat Estimate By $14M

By Michael Nunes

Illinois' general fund revenue collection from July through November outpaced estimates by $14 million, according to the Governor's Office of Management and Budget.

NY Tax Collection Through November Up By $4.3B

By Michael Nunes

New York's general fund revenue from April through November exceeded the same period last fiscal year by $4.3 billion, according to the state Department of Taxation and Finance.

NJ Tax Collections Through Nov. Up $462M From Last Year

By Michael Nunes

New Jersey revenue collection from July through November was $462 million higher than the same period last fiscal year, according to the state Department of the Treasury.

Ind. General Revenue Through Nov. Beats Estimates By $422M

By Michael Nunes

Indiana's general fund revenue collection from July through November exceeded estimates by $422 million, according to the Indiana State Budget Agency.

Ky. Revenue Through Nov. Rises $1M From Last Year

By Michael Nunes

Kentucky's general fund revenue collection from July through November edged ahead of the total for the same period last year by $1 million, according to the state Department of Revenue.

Okla. Tax Revenues Through Nov. Beat Estimate By $85M

By Michael Nunes

Oklahoma's general fund revenue from July through November outpaced estimates by $85 million, according to the state Office of Management and Enterprise Services.

Minn. November General Revenues Up $35M From Forecast

By Michael Nunes

Minnesota's general fund revenue collection in November beat estimates by $35 million, according to the state Department of Management and Budget.

Ohio Revenues Through November Beat Estimates By $446M

By Michael Nunes

Ohio's general fund revenue collection from July through November outpaced forecasts by roughly $446 million, according to the state Office of Budget and Management.

Calif. Revenue Through Nov. Beats Estimate By $6.4B

By Michael Nunes

California general fund revenue from July through November outpaced forecasts by $6.4 billion, according to the state comptroller's office.

La. Tax Collection In Nov. $60M Higher Than Last Year

By Michael Nunes

Louisiana's general fund revenue collection in November exceeded the same month last year by $60 million, according to the state Department of Revenue.

Fla. Net Revenue Through October Beats Estimates By $258M

By Michael Nunes

Florida's general fund revenue collection from July through October outpaced estimates by $258 million, according to the state Department of Revenue.

Ala. Net Tax Collections Through November Up $90M

By Michael Nunes

Alabama's net tax collection from October through November outpaced the same period last year by $90 million, according to the state Department of Revenue.

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.