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

Pa. Revenue Through Feb. Beats Estimate By $382M

By Michael Nunes

Pennsylvania's general fund revenue collection from July through February outpaced an estimate by $382 million, according to the state Department of Revenue.

NJ Revenue Through Feb. Up $880M, Treasury Says

By Michael Nunes

New Jersey's general fund revenue collection from July through February was $880 million ahead of last year's, according to a report by the state Department of the Treasury.

NY Tax Revenues Through Feb. Rise By $8B

By Michael Nunes

New York's tax collection from April through February outpaced the total from the same period last fiscal year by $8 billion, according to the state's Department of Taxation and Finance.

Ga. Receipts Through Feb. Rise By $343M

By Michael Nunes

Georgia's general fund revenue collection from July through February grew by $343 million from the same period last fiscal year, according to the state Department of Revenue.

Neb. General Revenues Through Feb. On Target, Dept. Says

By Michael Nunes

Nebraska's general fund receipts from July through February were in line with estimates, according to a report by the Department of Revenue.

Ill. Revenue Through Feb. Beats Forecast By $427M

By Michael Nunes

Illinois' general revenue collection from July through February surpassed an estimate by $427 million, according to the state's Office of Management and Budget.

Ky. Revenue Through Feb. Drops By $111M

By Michael Nunes

Kentucky's general fund revenue collection from July through February lagged $111 million behind the total from the same period last fiscal year, according to the state's budget director.

Okla. Tax Revenues Through Feb. Up $296M From Estimate

By Michael Nunes

Oklahoma's revenue collection from July through February outpaced estimates by $296 million, according to the state Office of Management and Enterprise Services.

Idaho Revenues Through Feb. Up $63M From Forecast

By Michael Nunes

Idaho's general fund revenue from July through February outpaced estimates by $63 million, according to the state Division of Financial Management.

Ohio Revenues Through Feb. Beat Estimates By $598M

By Michael Nunes

Ohio's general fund revenue collection from July through February outpaced estimates by $598 million, according to the state Office of Budget Management.

Minn. General Revenue In Feb. $16M Lower Than Forecast

By Michael Nunes

Minnesota's general revenue collection in February lagged behind estimates by $16 million, according to the state Department of Management and Budget.

Calif. Revenue Through Feb. Beats Estimate By $7.44B

By Michael Nunes

California's general revenue collection from July through February beat estimates by $7.44 billion, according to the state comptroller's office.

NH Total Receipts Through Feb. Up $91M From Forecast

By Michael Nunes

New Hampshire's general fund revenue from July through February beat estimates by $91 million, according to the state Department of Administrative Services.

Mo. Revenues Through February Rise $82M From Last Year

By Michael Nunes

Missouri's general fund revenue from July through February outpaced the same period last year by $82 million, according to the state Department of Revenue.

Mass. Tax Revenue Through Feb. Beats Estimate By $589M

By Michael Nunes

Massachusetts' tax revenue collection from July through February surpassed an estimate by $589 million, according to the state Department of Revenue.

Ark. Revenue Through Feb. Beats Forecast By $7M

By Michael Nunes

Arkansas revenue from July through February outpaced an estimate by $7 million, according to the state Department of Finance and Administration.

Ala. General Revenue Through Feb. Up $250M

By Michael Nunes

Alabama's general fund revenue collection from October through February outpaced the same period last year by $250 million, according to the state Department of Revenue.

Iowa Total Receipts Through Feb. Down $100M

By Michael Nunes

Iowa's general fund receipts from July through February lagged behind estimates by $100 million, according to the state Division of the Budget.

Texas Revenues Through Feb. Beat Last Year By $127M

By Michael Nunes

Texas' general fund revenue collection from September through February was $127 million higher than the same period last year, according to the state comptroller.

Miss. Revenues Through February Exceed Estimate By $99M

By Michael Nunes

Mississippi's general fund revenue collection from July through February outpaced estimates by $99 million, according to the state Department of Revenue.