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

NJ Revenue Collections Through December Up $439M

By Michael Nunes

New Jersey's total revenue collection from July through December outpaced collections during the same period last fiscal year by $439 million, the state Department of the Treasury said Wednesday.

Calif. Revenues Through Dec. Up $8B Over Forecast

By Michael Nunes

California's total revenues from July through December beat estimates by roughly $8 billion, according to a memo from the state controller.

Ga. General Fund Receipts Through Dec. Up $283M

By Michael Nunes

Georgia's general fund receipts from July through December exceeded collections during the same period in the previous fiscal year by $283 million, according to the state Department of Revenue.

SD Revenues Through December Beat Forecast By $5M

By Michael Nunes

South Dakota's revenue collection from July to December beat estimates by roughly $5 million, according to the state Bureau of Finance and Management.

Ohio Revenue Through Dec. Tops Estimate By $39M

By Michael Nunes

Ohio's general revenue collection from July through December beat a forecast by $39 million, according to the state Office of Budget and Management.

Ala. Revenue Collection Through Dec. Down $6M

By Michael Nunes

Alabama general revenue collection from July through December underperformed collection for the same period last fiscal year by $6 million, according to a report by the state Department of Revenue.

NH Total Revenues Through Dec. $41M Under Estimate

By Michael Nunes

New Hampshire's total revenue collection from July through December trailed forecasts by $41 million, according to a report by the state Department of Administrative Services.

Fla. Net Revenues Through Nov. Beat Estimates By $435M

By Michael Nunes

Florida's general revenue collection from July through November exceeded budget forecasts by $435 million, according to a report by the state's Office of Economic and Demographic Research.

Iowa General Revenue Collection Through Dec. Up $124M

By Michael Nunes

Iowa's general fund receipts from July through December were $124 million higher than during the same period last fiscal year, according to the state's Department of Management.

Pa. Revenues Through Dec. Dip $97M Below Projections

By Michael Nunes

Pennsylvania's general fund revenue from July through December was $97 million lower than expected, according to the state Department of Revenue.

Ark. Revenues Through Dec. Top Estimate By $28.7M

By Sanjay Talwani

Arkansas' net revenue collection from July to December exceeded state forecasts for the period by $28.7 million, according to a state Department of Finance and Administration report released Friday.

Kan. Revenue Tops Estimate By $89M In December

By Jaqueline McCool

Kansas' general fund revenue in December totaled $89 million more than the amount projected for the month, according to a report issued Thursday by the state Department of Revenue.

NJ Revenue Collection Through Nov. Up $309M

By Michael Nunes

New Jersey's major revenues from July through November rose $309 million compared with the same period last fiscal year, according to a report by the state Department of the Treasury.

Ga. General Fund Receipts Through Nov. Down $8.3M

By Michael Nunes

Georgia's general fund receipts from July through November trailed collections during the same period last year by $8.3 million, according to the governor's office.

Ky. General Revenue Through Nov. Up $62M From Last Year

By Michael Nunes

Kentucky's general fund revenue from July through November beat collections during the same period last fiscal year by $62 million, according to the Office of the State Budget Director.

Minn. General Revenues In Nov. $80M Under Forecasts

By Michael Nunes

Minnesota's total revenue collection in November trailed forecasts by $80 million, according to the state Management and Budget Office.

Mo. Net Revenues Through Nov. Down $203M From Last Year

By Michael Nunes

Missouri's total net revenue from July through November underperformed last year's collections during the same period by $203 million, according to the state Division of Budget and Planning.

Calif. Total Revenues Through Nov. Beat Forecast By $4B

By Michael Nunes

California total revenues from July though November beat forecasts by $4 billion, according to a report published by the State Controller's Office.

Ohio Revenues Through Nov. Outpace Forecast By $228M

By Michael Nunes

Ohio's total revenue from July though November exceeded budget forecasts by $228 million, according to a report by the Office of Budget Management.

Fla. Net Revenue Through Oct. Beats Estimate By $388M

By Michael Nunes

Florida net revenue from July through October surpassed a forecast by $388 million, according to the Office of Economic and Demographic Research.