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


Mo. Revenue Collection Drops $127M From Previous Year

By Michael Nunes

Missouri's net revenue collection from July through September sank $127 million from the same period last fiscal year, according to a report by the state Department of Revenue.

SD Tax Revenues Through Sept. Down $10M From Forecast

By Michael Nunes

South Dakota's general fund revenue from July through September trailed a budget estimate by $10 million, according to the state Bureau of Finance and Management.

Mont. Tax Revenue Through Sept. Up $4M From Last Year

By Michael Nunes

Montana's general fund revenue from July through September climbed $4 million higher than the total for that period last year, according to a monthly report by the state Department of Revenue.

Ark. Net Revenue Tops Forecast By $18M Through Sept.

By Michael Nunes

Arkansas net general revenue from July through September exceeded an estimate by $18 million, the state Department of Finance and Administration reported.

NH Revenue Through Sept. Misses Estimate By $20M

By Michael Nunes

New Hampshire total receipts from July through September fell short of a forecast by $20 million, according to a report by the state Department of Administrative Services.

W.Va. Revenue Through Sept. Beats Forecast By $1.2M

By Michael Nunes

West Virginia general revenue from July through September surpassed an estimate by $1.2 million, the state Budget Office reported.

Ala. Net Tax Collections Increased $306M In Fiscal Year 2024

By Michael Nunes

Alabama general revenue from October 2023 through September was $306 million higher than during the 2023 fiscal year, according to a report by the state Department of Revenue.

Nev. July Sales Tax Revenue Drops 2.6% From Last Year

By Michael Nunes

Nevada's sales tax collection in July trailed last year's total for that month by 2.6%, the state Department of Taxation reported.

Kansas Sept. Revenue Beats Estimates By $8.5M

By Jaqueline McCool

Kansas' general revenue for September was $8.5 million above estimates at nearly $1.1 billion, according to the state's monthly revenue report.

Fla. Revenue Through Aug. Beats Estimates By $197M

By Michael Nunes

Florida's general fund revenue from July through August was $197 million above budget forecasts, according to the state Office of Economic and Demographic Research.

Texas Sept. Revenue Rises 5% From Last Year

By Michael Nunes

Texas general revenue increased by more than 5% in September from the same month last year, according to a report by the state comptroller's office.

DC Raises Fiscal 2024 Revenue Estimate By $73M

By Michael Nunes

The District of Columbia increased its estimated revenue collection for the 2024 fiscal year by about $73 million, according to the district's chief financial officer.

Delaware Revenue Receipts Up By $21M Through Aug.

By Michael Nunes

Delaware's revenue receipts from July through August increased by more than $21 million from the same period last fiscal year, according to the state Department of Finance.  

Idaho Tax Revenue Through Aug. Up $191K From Forecast

By Michael Nunes

Idaho's general revenue collection from July through August outpaced budget estimates by $191,000, according to a report from the state Division of Financial Management.

Mich. General Revenues Through Aug. Down $435M

By Michael Nunes

Michigan's general revenues from October 2023 through August were $435 million below the last fiscal year, according to a monthly report from the state budget office on Monday.

Vt. General Revenue Through Aug. Gets $30M Boost

By Michael Nunes

Vermont's general revenue collection from July through August beat the total from the same period last year by roughly $30 million, according to the state Agency for Administration.

Colo. General Fund Revenue In Aug. Down $63M

By Michael Nunes

Colorado's general fund revenue in August was $63 million lower than it was in the same month last year, according to the state Department of Revenue.

Ariz. Revenue Through August Tops Forecast By $119M

By Michael Nunes

Arizona's general revenue collection from July through August was $119 million higher than expected, according to the state Joint Legislative Budget Committee.

SC General Fund Revenue Up $184M From Last Year

By Michael Nunes

South Carolina's general fund revenue from July through August beat last year's total for that period by $184 million, according to the state Board of Economic Advisors.

ND General Revenues Up $350M Over Budget Forecast

By Michael Nunes

North Dakota's general revenue collection from July 2023 through August 2024 came in $350 million over estimates, according to the state's Legislative Council.