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

Ill. Revenue Through Oct. Beats Budget Forecast By $193M

By Michael Nunes

Illinois general revenue collection from July through October beat estimates by $193 million, according to the Office of Management and Budget.

RI Revenue Through Oct. Beats Forecast By $45M

By Michael Nunes

Rhode Island's general revenue collection from July through October totaled $45 million more than an estimate, according to the state Department of Revenue.

Tenn. Revenue Through Oct. Tops Estimate By $49M

By Michael Nunes

Tennessee's total tax collection from July through October outpaced a forecast by $49 million, according to the state Department of Finance and Administration.

Neb. Net Receipts Through October Match Estimates

By Michael Nunes

Nebraska's net receipts from July through October totaled $2 billion, staying level with government forecasts, according to the state Department of Revenue.

Okla. Tax Revenues Through Oct. Up $114M From Estimate

By Michael Nunes

Oklahoma's general fund revenue from July through October outpaced forecasts by $114 million, according to the state Office of Management and Enterprise Services.

Va. General Revenue Collection Through Oct. Up $509M

By Michael Nunes

Virginia's general fund revenue from July through October grew $509 million from last year, according to a state Department of Accounts report released Friday.

NY Tax Collection Through October Beats Last Year By $5.2B

By Michael Nunes

New York's tax collection from April through October outpaced the same period last year by $5.2 billion, according to the state Department of Taxation and Finance.

Ky. Revenue Through Oct. Drops $114M From Last Year

By Michael Nunes

Kentucky's general fund revenue from July through October lagged behind the amount collected in the same period last year by $114 million, according to the state budget director's office.

Utah General Revenue Collection Through Sept. Up $109M

By Michael Nunes

Utah's general fund revenue collection from July through September outperformed the same period last year by $109 million, according to the State Tax Commission.

Idaho Revenues Trail Estimate by $103M

By Michael Nunes

Idaho's general fund revenue from July through October underperformed estimates by $103 million, according to the state Division of Financial Management.

Fla. Net Revenue Through Sept. Tops Estimate By $86M

By Michael Nunes

Florida's net tax revenue from July through September surpassed an estimate by $86 million, the state Department of Revenue said in report Wednesday.

Calif. Revenue Through Oct. Beats Estimate By $6.3B

By Michael Nunes

California's general fund revenues from July through October outpaced estimates by $6.3 billion, according to the state Office of the Controller.

Ohio October Tax Collections Beat Estimate By $111M

By Paul Williams

Ohio's general fund tax revenue collections in October exceeded an estimate by $111 million, or 4.4%, according to the state Office of Budget and Management.

Miss. Total Revenue Through Oct. Beats Estimates By $29M

By Michael Nunes

Mississippi's total revenue collection from July through October outpaced estimates by $29 million, according to the state Department of Revenue.

Pa. Revenue Through Oct. Grows By $54M

By Michael Nunes

Pennsylvania's general revenue collection from July through October beat the total from the same period last year by $54 million, according to the state Department of Revenue.

Ga. Receipts Through October Beat Last Year By $240M

By Michael Nunes

Georgia's general fund receipts from July through October outpaced last year by $240 million, according to the state Department of Revenue.

NC Revenue From July Through September Up $292M

By Michael Nunes

North Carolina's total revenue from July through September outpaced the same period last fiscal year by $292 million, according to the Office of the State Controller.

Mass. Tax Collections Through Oct. Up $99M From Estimates

By Michael Nunes

Massachusetts revenue collection from July through October outpaced estimates by $99 million, according to the state Department of Revenue.

Wis. Revenue Up $261M From Last July Through October

By Michael Nunes

Wisconsin's general fund revenue from July through October exceeded the same period last year by roughly $261 million, according to the state Department of Revenue.

Ala. Net Revenue In Oct. Rises $19M From Last Year

By Michael Nunes

Alabama's net revenue collection in October grew by $19 million from the total in the same month last year, according to the state Department of Revenue.