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

Maine General Revenues Top Forecast By $91M

By Michael Nunes

Maine's general fund collection of revenues from July through November outpaced estimates by $91 million, the state Department of Administrative and Financial Services reported Tuesday.

RI Revenues Through Nov. Lag $29M Below Estimate

By Michael Nunes

Rhode Island's general fund revenue collection from July through November underperformed estimates by $29 million, according to the state Department of Revenue.

Fiscal Year 2026 State Tax Revenues Look Shaky, Experts Say

By Michael Nunes

States are cutting back on general fund spending and setting budgets on a more defensive footing in fiscal year 2026, policy experts say, in anticipation of slower tax revenue growth after years of record-setting growth.

Ariz. Revenues Through November Up $184M From Forecast

By Jaqueline McCool

Arizona's general fund revenue collection from July through November was $184 million ahead of estimates, according to the state Joint Legislative Budget Committee.

SC Revenues Through November Beat Estimate By $79M

By Michael Nunes

South Carolina's general fund revenue collection from July through November was nearly $79 million ahead of estimates, according to the state Revenue and Fiscal Affairs Office.

Utah Revenues Through November Up $243M From Last Year

By Michael Nunes

Utah's general fund revenue collection from July through November was $243 million higher than the same period last fiscal year, according to the State Tax Commission.

NC General Revenues Through Nov. Up $369M

By Michael Nunes

North Carolina's general fund revenue from July through November was $369 million higher than the same period last fiscal year, according to the Office of the State Controller in a report released Wednesday.

Neb. Tax Receipts Through Nov. Beat Forecast By $18M

By Michael Nunes

Nebraska's tax collections from July through November exceeded forecasts by $18 million, according to the state Department of Revenue.

Ill. General Revenues Beat Estimate By $14M

By Michael Nunes

Illinois' general fund revenue collection from July through November outpaced estimates by $14 million, according to the Governor's Office of Management and Budget.

NY Tax Collection Through November Up By $4.3B

By Michael Nunes

New York's general fund revenue from April through November exceeded the same period last fiscal year by $4.3 billion, according to the state Department of Taxation and Finance.

NJ Tax Collections Through Nov. Up $462M From Last Year

By Michael Nunes

New Jersey revenue collection from July through November was $462 million higher than the same period last fiscal year, according to the state Department of the Treasury.

Ind. General Revenue Through Nov. Beats Estimates By $422M

By Michael Nunes

Indiana's general fund revenue collection from July through November exceeded estimates by $422 million, according to the Indiana State Budget Agency.

Ky. Revenue Through Nov. Rises $1M From Last Year

By Michael Nunes

Kentucky's general fund revenue collection from July through November edged ahead of the total for the same period last year by $1 million, according to the state Department of Revenue.

Okla. Tax Revenues Through Nov. Beat Estimate By $85M

By Michael Nunes

Oklahoma's general fund revenue from July through November outpaced estimates by $85 million, according to the state Office of Management and Enterprise Services.

Minn. November General Revenues Up $35M From Forecast

By Michael Nunes

Minnesota's general fund revenue collection in November beat estimates by $35 million, according to the state Department of Management and Budget.

Ohio Revenues Through November Beat Estimates By $446M

By Michael Nunes

Ohio's general fund revenue collection from July through November outpaced forecasts by roughly $446 million, according to the state Office of Budget and Management.

Calif. Revenue Through Nov. Beats Estimate By $6.4B

By Michael Nunes

California general fund revenue from July through November outpaced forecasts by $6.4 billion, according to the state comptroller's office.

La. Tax Collection In Nov. $60M Higher Than Last Year

By Michael Nunes

Louisiana's general fund revenue collection in November exceeded the same month last year by $60 million, according to the state Department of Revenue.

Fla. Net Revenue Through October Beats Estimates By $258M

By Michael Nunes

Florida's general fund revenue collection from July through October outpaced estimates by $258 million, according to the state Department of Revenue.

Ala. Net Tax Collections Through November Up $90M

By Michael Nunes

Alabama's net tax collection from October through November outpaced the same period last year by $90 million, according to the state Department of Revenue.