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


La. Tax Collection In September $150M Short Of Last Year

By Michael Nunes

Louisiana's revenue collection in September fell $150 million compared with the same period last year, according a state Department of Revenue report released Thursday.

SD Total Revenues Through September Lower By $17M

By Michael Nunes

South Dakota's general revenue from July through September underperformed forecasts by $17 million, according to the state Bureau of Finance and Management.

Mo. Revenue Through Sept. Drops $19M From Last Year

By Michael Nunes

Missouri's general fund revenue from July through September lagged behind last year's total during that time frame by $19 million, according to the state Department of Revenue.

Fla. Net Revenue Through August Beats Estimate By $114M

By Michael Nunes

Florida's net revenue collection in July and August outpaced a forecast by $114 million, according to the state Department of Revenue.

Arkansas Revenues Through Sept. Beat Forecast By $74M

By Michael Nunes

Arkansas' net general fund revenue from July through September outperformed estimates by $74 million, according to the state Department of Revenue.

NH Total Receipts Through Sept. Down $17M From Forecast

By Michael Nunes

New Hampshire's total receipts from July through September underperformed budget estimates by $17 million, the state Department of Administrative Services reported.

Mass. Revenues Through Sept. Fall $64M Short Of Forecast

By Michael Nunes

Massachusetts general revenue collection from July through September lagged behind estimates by $64 million, according to the state Department of Revenue.

Texas Net Revenues Down 2.8% From Last Year

By Michael Nunes

Texas net general revenue collection in September fell 2.8% from the same month last year, the state comptroller's office reported.

Iowa Total Receipts Through Sept. Down $454M

By Michael Nunes

Iowa's total receipts from July through September lagged behind the total for the same period last year by $454 million, the state's Department of Management said.

Vt. Revenue Through Aug. Grows By $18M

By Michael Nunes

Vermont's general fund revenue from July and August outpaced the total collected in those months last year by $18 million, according to the state's Agency of Administration.

W.Va. Revenue Through Sept. Beats Forecast By $61M

By Michael Nunes

West Virginia's general fund revenue from July through September beat an estimate by $61 million, according to a report released Thursday.

DC Estimates $714M Rise In Revenue From Prior Year

By Michael Nunes

Washington, D.C., expects revenue collections for the fiscal year that ended last month to total $714 million more than collections in the year prior, partly because of higher individual and corporate income tax revenue, its chief financial officer said.

RI Revenue Tops Forecast By $5M In July

By Michael Nunes

Rhode Island's general revenue collection in July outpaced an estimate by about $5 million, the state Department of Revenue reported.

Michigan General Revenues Top Last Year By $940M

By Michael Nunes

Michigan's general revenue collection from October 2024 through August beat last year's total by $940 million, according to the state Department of Revenue in a report released Tuesday.

Maine General Revenues Exceed Budget Forecast By $46M

By Michael Nunes

Maine general fund revenue collection in July and August beat forecasts by $46 million, according to a report by the state Department of Revenue.

​​​​​​​SC Revenue Through August Drops $283K From Last Year

By Michael Nunes

South Carolina's general revenue collection in July and August sank $283,000 from last year, the state Board of Economic Advisors reported.

Ariz. Revenues Through August Up $158M From Forecast

By Michael Nunes

Arizona's general fund revenue in July and August outpaced forecasts by roughly $158 million, the state Joint Legislative Budget Committee reported.

Tenn. Revenues In August Up $16M From Estimates

By Michael Nunes

Tennessee revenue collection in August outpaced forecasts by $16 million, the Department of Revenue reported.

Miss. Total Revenue Collection Up $48M From Last Year

By Michael Nunes

Mississippi's general fund revenue in July and August outpaced last year during the same period by $48 million, according to the state Department of Revenue.

NC Revenue Collection In July Up $140M

By Michael Nunes

North Carolina's general revenue collection in July beat last year's total in the same month by $140 million, according to the state controller's office.