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. Total Revenue In Oct. Falls $242M From Last Year

By Michael Nunes

Louisiana revenue in October fell $242 million from the total for the same month last year, according to a report from the state Department of Revenue.

Neb. Revenue Collection Through Oct. Matches Estimate

By Michael Nunes

Nebraska's total net revenue from July through October was level with estimates, according to the state Department of Revenue.

Ill. Revenue Through Oct. Beats Forecast By $415M

By Michael Nunes

Illinois' general revenue collection from July through October outpaced a government forecast by $415 million, according to the state Office of Management and Budget.

Ind. Revenue Through Oct. Falls $243M Short Of Forecast

By Michael Nunes

Indiana general revenue collection from July through October underperformed an estimate by $243 million, according to the state Budget Agency.

NY Tax Collections Through Oct. Up $14B, Department Says

By Michael Nunes

New York's total tax collection from April through October grew $14.13 billion compared with the same period last fiscal year, according to the state Department of Taxation and Finance.

Va. Revenue Through Oct. Grows $732M

By Michael Nunes

Virginia's general revenue collection from July through October was $732 million higher than it was during the same period last fiscal year, according to the state Department of Revenue.

NJ Revenue Collection Through Oct. Up $323M From Last Year

By Michael Nunes

New Jersey's revenue collection from July through October was $323 million more than the same period in the last fiscal year, according to the state Department of the Treasury on Monday.

Ohio General Revenue Collection Up $313M From Estimates

By Michael Nunes

Ohio's total revenues from July through October beat estimates by $313 million, the state Office of Budget and Management reported.

Ky. Revenues Through Oct. Rise $500K From Last Year

By Michael Nunes

Kentucky general revenue collection from July through October rose roughly $500,000 compared with the same period last year, according to the Office of State Budget Director.

Ga. October Revenue $89M Less Than Prior Year

By Jaqueline McCool

Georgia's October general fund receipts were $89 million less than in October 2023, according to the state Department of Revenue.

Calif. Total Receipts Through Oct. Beat Forecasts By $9B

By Michael Nunes

California's total receipts from July through October exceeded estimates by roughly $9 billion, according to the state controller.

SD Total Revenues Through Oct. Down $42M From Last Year

By Michael Nunes

South Dakota's total revenue collection in July through October fell nearly $42 million compared with the same period last fiscal year, according to a report by the state Bureau of Finance and Management.

NH General Revenues Drop $1M From Projection

By Michael Nunes

New Hampshire's total receipts from July through October fell $1 million short of estimates, the state Department of Administrative Services reported Thursday.

Mo. Revenue Collection Through Oct. Falls $135M

By Michael Nunes

Missouri's tax collection dropped by $135 million in July through October compared with the same period last fiscal year, according to the state Department of Revenue.

Ala. Revenue In Oct. Down $35M From Last Year

By Michael Nunes

Alabama's general revenue collection in October fell $35 million compared with the same month last fiscal year, according to a report by the state Department of Revenue.

W.Va. Revenue Through Oct. Trails Forecast By $14M

By Michael Nunes

West Virginia's general revenue collection from July through October unperformed an estimate by roughly $14 million, according to the state Budget Office.

Nev. Sales Tax Revenue In Aug. Drops 1.7% From Last Year

By Michael Nunes

Nevada's sales tax collection in August trailed last year's total for that month by 1.7%, the state Department of Taxation reported.

Montana General Revenues Through Oct. Down $6M

By Michael Nunes

Montana general revenue collection from July through October fell roughly $6 million compared with the same period in the last fiscal year, according to the state Department of Revenue.

Florida Net Revenue Through Sept. Beats Estimate By $226M

By Michael Nunes

Florida's net revenue collection from July through September beat revenue estimates by $226 million, according to a report by the state Office of Economic and Demographic Research.

Iowa Net Receipts Through Oct. Drop $6M From Last Year

By Michael Nunes

Iowa net receipts from July through October fell $6 million from the total for the same period last fiscal year, according to the state Legislative Services Agency.