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

NY Tax Collections Through June Rise By $3.4B

By Michael Nunes

New York state's tax collections from April through June outpaced last year's total for that period by $3.4 billion, according to the state Department of Taxation and Finance.

SD General Fund Receipts In 2025 Up $41M From Estimate

By Michael Nunes

South Dakota's general fund revenues from July 2024 through June pulled ahead of estimates by $41 million, the state Bureau of Finance and Management said.

Mississippi Total Revenue Up $35M From Last Year

By Michael Nunes

Mississippi's general revenue through the 2025 fiscal year outpaced last year's total by $35 million, the state Department of Revenue reported.

Ind. Annual General Revenues Beat Forecasts By $171M

By Michael Nunes

Indiana's general revenue collection from July 2024 through June exceeded forecasts by $171 million, according to the Department of State Revenue.

Ill. Revenue Beats Budget Forecast By $14M

By Michael Nunes

Illinois' general revenue collection in the 2025 fiscal year was $14 million more than expected, according to the state Office of Management and Budget.

Idaho Annual Revenues Miss Estimate By $95M

By Michael Nunes

Idaho's total revenue collection in the 2025 fiscal year missed estimates by roughly $95 million, according to the state Division of Financial Management.

Nebraska's Annual Net Receipts Fall $86M Short Of Estimate

By Michael Nunes

Nebraska's net receipts in the 2025 fiscal year underperformed a forecast by $86 million and lagged behind the prior fiscal year's collection by $997 million, according to a report released Tuesday by the state Department of Revenue.

Tenn. Revenues Through June Beat Estimates By $81M

By Michael Nunes

Tennessee's general revenue collection from August 2024 through June exceeded estimates by $81 million but dropped behind last year by $209 million, according to the Department of Finance and Administration.

Missouri Net Revenue Rises $2M From Prior Year

By Michael Nunes

Missouri's total net revenue collections from July 2024 through June outperformed the total for the prior fiscal year by roughly $2 million, according to the state Office of Administration.

Ohio Revenue Beats Estimate For Year By $972M

By Michael Nunes

Ohio's general fund revenue from July 2024 through June exceeded a forecast by $972 million, according to the state Office of Budget and Management.

Ky. General Revenue Through June Up $132M

By Michael Nunes

Kentucky's general revenue collection from July 2024 through June was $132 million higher than the same period last year, according to the Office of State Budget Director.

Pa. Revenue Up $321M From Forecast For Fiscal Year

By Michael Nunes

Pennsylvania collected $321 million more in general fund revenue than expected in fiscal year 2025, according to a report released Friday by the state's Department of Revenue.

Calif. Revenue Tops Forecast For Year By $3.7B

By Michael Nunes

California's net revenue collection in the fiscal year that ended last month outpaced an estimate by $3.7 billion, the state controller's office reported.

Minn. Revenue Surpasses Estimate By $847M

By Michael Nunes

Minnesota's total revenue from July 2024 through June beat an estimate by $847 million, according to the state's management and budget office.

Ga. General Fund Receipts Through June Up $668M

By Michael Nunes

Georgia's general fund receipts in the 2025 fiscal year were $668 million higher than in the last fiscal year, according to the state Department of Revenue.

NH Annual Receipts Down $26M From Budget Estimates

By Michael Nunes

New Hampshire's total receipts for the year ending in June were $26 million weaker than expected, according to the state Department of Administrative Services.

Kansas Tax Collection Through June Up $132M From Estimate

By Michael Nunes

Kansas' total receipts from July through June beat government estimates by $132 million, according to the state Division of the Budget.

Florida Net Revenue Through May Beat Estimates By $360M

By Michael Nunes

Florida's net general revenue for July through May outpaced forecasts by $360 million, according to a report by the state Department of Revenue.

Ala. Tax Revenue Through June Jumps $368M From Last Year

By Michael Nunes

Alabama's total revenue from October through June outpaced last year's collection during the same time frame by $368 million, according to a report by the state Department of Revenue.

Iowa Total Receipts Fall $616M From Last Year

By Michael Nunes

Iowa's general revenue collection for the fiscal year that ended last month dropped from the prior year's total by $616 million, according to a report by the state's Department of Management.