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


Texas Revenues Through June Up 2.5% From Last Year

By Michael Nunes

Texas' net revenues from September through June were 2.5% higher than last year for the same period, the state comptroller reported.

W.Va. Fiscal 2025 Revenues Beat Forecast By $255 Million

By Michael Nunes

West Virginia's revenue collection throughout fiscal year 2025 outpaced forecasts by $255 million, according to a preliminary report by the State Budget Office.

Ariz. Revenue Collection Beats Forecast By $189M

By Michael Nunes

Arizona's general revenue collection for July 2024 through May outpaced forecasts by $189 million, according to a report by the state's Joint Legislative Budget Committee.

Michigan General Revenue Climbs $700M From Last Year

By Michael Nunes

Michigan's general fund revenue from October through May beat last year's total by $700 million, the State Budget Office said Monday.

Delaware Net Receipts Rise $151M From Last Year

By Michael Nunes

Delaware's net receipts from July through May outpaced last fiscal year's total for that span by $151 million, according to the state Department of Finance.

Maine General Revenues Beat Forecast By $36M

By Michael Nunes

Maine's general fund revenue from July through May outpaced estimates by $36 million, according to a report by the state's Department of Administrative and Financial Services.

SC Revenue Through May Jumps $1B From Last Year

By Michael Nunes

South Carolina's gross general revenue collection from July through May outpaced the total for the same period last fiscal year by roughly $1 billion, according to a report by the state Board of Economic Advisors.

Pa. Revenue Collection Through May Up $827M

By Michael Nunes

Pennsylvania's general revenue collection from July through May beat last year's collection for the same period by $827 million, the state Department of Revenue reported.

Utah Revenue Through May Rises $773M

By Michael Nunes

Utah's general revenue collection from July through May beat last year's total for that period by $773 million, according to a report by the state Tax Commission.

Vt. General Revenues Through May Up $221M

By Michael Nunes

Vermont's total general fund revenue collection from July through May outpaced last year during the same period by $221 million, the state Agency of Administration reported.

New York Tax Revenue Surges $2.27B

By Michael Nunes

New York's general revenue collection from May through June outpaced last year by $2.27 billion, according to a report by the state Department of Taxation and Finance.

RI Revenue Collection Trails Forecast By $1.1M

By Michael Nunes

Rhode Island's general fund revenue collection for July through May underperformed an estimate by $1.1 million, according to the state Department of Revenue.

NC Total Revenue Through May Up $980M From Last Year

By Michael Nunes

North Carolina's total revenue collection from July through May surpassed the amount collected during the same period last fiscal year by $980 million, according to the state controller's office.

Virginia General Revenue Collection Through May Up $1.6B

By Michael Nunes

Virginia's general fund revenue collection from July through May surged ahead of last year by $1.6 billion, according to a report by the state finance secretary.

Wisconsin Revenue Surges $896M Through May

By Michael Nunes

Wisconsin general revenue collection for July through May beat last year's collection by $896 million, according to a report by the state Department of Revenue released Tuesday.

Ill. Revenue Through May Beats Budget Forecast By $225M

By Michael Nunes

Illinois general fund revenue from July through May outpaced a forecast by $225 million, according to a report by the Office of Management and Budget.

NJ Total Revenues Through May Up $1.58B

By Michael Nunes

New Jersey's total revenue collection for July through May beat last year's collection by $1.58 billion, according to a report by the state Treasury.

Idaho Revenue Falls $99M Short Of Projections Through May

By Michael Nunes

Idaho's general revenue collection from July through May underperformed estimates by $99 million, according to the state Division of Financial Management.

Conn. Net Revenue Through May Up $1.16B From Last Year

By Michael Nunes

Connecticut net revenues from July through May outpaced collections made during the same period last fiscal year by $1.16 billion, according to the state Department of Revenue.

Minnesota Revenue Tops Forecast By $23M In May

By Michael Nunes

Minnesota's general fund revenue collection in May outpaced forecasts by $23 million, according to a report by the state Office of Management and Budget.