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


Wyo. Revenue Outpaces Forecast By $69M Through March

By Michael Nunes

Wyoming general fund revenue through March exceeded a budget forecast by $69 million, according to a semiannual report by the state Consensus Revenue Estimating Group.

Maine March Revenue Beats Budget Forecast By $20M

By Michael Nunes

Maine net revenue collections from July through March was up $20.46 million from budget forecasts, according to a monthly report by the state Department of Administrative and Financial Services.

Law360 Revenue Report Map Tracks Health Of State Coffers

By Michael Nunes

As state coffers fluctuate because of federal pandemic aid drying up, demographics shifting and remote work becoming commonplace, Law360 Tax Authority is providing up-to-date coverage on state tax revenue with the launch of its Revenue Report Map.

Nev. Sales Tax Revenue In Jan. Rises $23.8M From Last Year

By Michael Nunes

Nevada brought in $23.8 million more in sales tax revenue in January than in the same month last year, the state Department of Taxation said in a monthly report.

ND General Revenue Collection Up $212.7M From Estimates

By Michael Nunes

North Dakota's general revenue collections from July through March were up $212.7 million over projections, according to a report from the state's Legislative Council.

Idaho Revenue Through March Up $149M From Forecasts

By Michael Nunes

Idaho's general revenue from July through March is up $149 million over budget estimates, according to a report from the state Division of Financial Management.

Ariz. General Revenue Collections Up $128M From Forecasts

By Michael Nunes

Arizona's general fund revenues from July through March were $128 million over budget forecasts, the state's Joint Legislative Budget Committee reported.

RI Revenue Through March Beats Forecast By $13.3M

By Michael Nunes

Rhode Island collected $13.3 million more in revenue from July through March than originally estimated in a budget forecast, according to a monthly report by the state's Office of Revenue Analysis.

Ill. Total Revenues Through March Beat Estimates By $486M

By Michael Nunes

Illinois' total revenues from July through March were higher than budget estimates by $486 million, according to a monthly report by the state Office of Management and Budget.

Vt. General Fund Revenues Through March Up $10M

By Michael Nunes

Vermont's general revenue collection from July through March was $10 million higher than the same period last year, according to a report by the state's Agency of Administration.

North Carolina Revenue Through March Up $434M

By Michael Nunes

North Carolina's total revenue collection from July through March was $434 million higher than during the same period last year, according to a report by the state controller office.

Miss. Tax Collections In March Top Previous Year By $34M

By Michael Nunes

Mississippi collected $34 million more in tax revenue from July through March compared with the same period last year, the state Department of Revenue said.

Va. General Revenue Collection Through March Grew $1.2B

By Michael Nunes

Virginia general fund revenue collection in July through March was up roughly $1.2 billion from the same period in the previous fiscal year, according to a report from the Department of Accounts.

Calif. Revenues Through March Down $5.6B From Estimates

By Michael Nunes

California's total receipts from July through March were $5.6 billion lower than expected in the governor's 2024-25 budget, according to the monthly report by the state controller.

NY Tax Dept. Says Collections Through March Tumble $6B

By Michael Nunes

New York tax collections from April 2023 through March fell $6 billion compared to the previous period, according to a report from the state Department of Taxation and Finance.

Neb. Revenue Collection Climbs To $311M Over Estimates

By Michael Nunes

Nebraska general fund receipts for July through March were $311 million, or 5.8%, more than a budget projection, according to a monthly report by the state Department of Revenue published Monday.

Okla. Revenue Through March Beats Estimate By $249M

By Michael Nunes

Oklahoma collected $249 million more in general revenue from July through March than was predicted in a budget estimate, according to data published by the state Office of Management and Enterprise Services.

Ga. General Fund Receipts Through March Down $116M

By Michael Nunes

Georgia general fund receipts from July through March were down $116 million from the same period last fiscal year, the state's Department of Revenue reported.

NJ Tax Collections Through March Dip $681M

By Michael Nunes

New Jersey's general revenue collection for July through March was down $681 million compared with the same period last fiscal year, according to a monthly report by the state Department of the Treasury published Friday.

SC General Revenue Down $23M From Last Year, Board Says

By Jaqueline McCool

South Carolina's general revenue collection was $9.2 billion from July to March, down by $23 million from the collection during the same period the previous year, the stateĀ Board of Economic Advisors reported.