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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

Ga. Receipts Through May Top Previous Year By $345M

By Michael Nunes

Georgia's general fund receipts collection from July through May topped the same period last year by $345 million, according to the state Department of Revenue.

Minn. General Revenues In May $50M Higher Than Forecast

By Michael Nunes

Minnesota's general fund revenue in May outpaced estimates by $50 million, according to the state Department of Management and Budget.

Ohio Revenues Through May Beat Estimates By $300M

By Michael Nunes

Ohio's general fund revenue collection from July through May outpaced forecasts by $300 million, according to the state Office of Budget Management.

Calif. Revenue Through May Beats Estimate By $637M

By Michael Nunes

California's total revenue from July through May exceeded estimates by $637 million, the state comptroller reported.

Okla. Revenue Through May Beats Estimate By $458M

By Michael Nunes

Oklahoma's total revenue from July through May outpaced an estimate by $458 million, according to the state Office of Management and Enterprise Services.

Ind. Revenue Through May Up $449M From Estimate

By Michael Nunes

Indiana's general fund revenue collection from July through May outpaced an estimate by $449 million, according to the state Department of Revenue.

Mo. Revenue Collection Through May $257M Behind Last Year

By Michael Nunes

Missouri's general fund revenue collection for July through May underperformed the same period last year by $257 million, the state Department of Revenue reported.

Ala. Net Tax Collections Through May Up $301M

By Michael Nunes

Alabama's tax collection from October through May outpaced the same period last year by $301 million, according to a report by the state Department of Revenue.

Ark. Revenue Through May Beats Forecast By $10M

By Michael Nunes

Arkansas' net general revenue collection from July through May was $10 million higher than estimated, according to the state Department of Finance and Administration.

Mass. Revenue Through May Beats Estimate By $1.8B

By Michael Nunes

Massachusetts' general fund revenue collection from July through May exceeded a forecast by $1.8 billion, according to the state Department of Revenue.

Texas Tax Revenues Through May Up $1B From Last Year

By Michael Nunes

Texas' total revenue from September through May outpaced the same period last year by $1.11 billion, according to the state Comptroller's Office.

W.Va. Revenues Beat Forecast by $314M

By Michael Nunes

West Virginia's general fund collection from July through May outpaced estimates by $314 million, according to the state Department of Revenue.

Fla. Net Revenue Through April Tops Forecast By $354M

By Michael Nunes

Florida's net general revenue collection from July through April beat an estimate by $354 million, according to the state Office of Economic and Demographic Research.

SC Revenue Through April $634M Better Than Last Year

By Michael Nunes

South Carolina's general fund revenue from July through April outpaced the same period last year by $634 million, according to the state Board of Economic Advisors.

RI Revenues Through April Exceed Estimate By $117M

By Michael Nunes

Rhode Island's general fund revenue collection from July through April beat forecasts by $117 million, according to the state Department of Revenue.

Oregon Raises Revenue Forecast By $351M

By Michael Nunes

Oregon increased its forecast of general fund revenue for the 2025-27 biennium by $351 million, according to a report by its Department of Administrative Services.

NJ Revenues Through April Up $2B From Last Year

By Michael Nunes

New Jersey's revenue collection from July through April outpaced the same period last year by $2 billion, according to the state Department of the Treasury.

Wis. Revenues Through April $862M Higher Than Last Year

By Michael Nunes

Wisconsin's general fund revenue collection from July through April grew $862 million from the same period last year, according to the state Department of Revenue.

Utah's Revenue Collection Through April Up $622M

By Michael Nunes

Utah's general fund revenue collection from July through April beat the same period last year by $622 million, according to the State Tax Commission.

Pa. Revenue Through April Up $993M From Estimate

By Michael Nunes

Pennsylvania's general fund revenue collection from July through April exceeded estimates by $993 million, according to the state Department of Revenue.