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

Vt. General Revenues Through Sept. Up $11M From Last Year

By Michael Nunes

Vermont's general fund revenue collection from July through September outpaced last year by $11 million, according to the state's Agency of Administration.

Mich. General Revenue Climbs $834M From Prior Year

By Michael Nunes

Michigan's general revenue collection from October 2024 through September outpaced the total from the previous fiscal year by $834 million, the state said in a report released Thursday.

Del. Total Receipts Through Sept. Rise By $226M

By Michael Nunes

Delaware's total receipts from July through September outpaced the total for the same period last year by $226 million, the state Department of Finance said.

Utah's Fiscal Year Revenue Jumps $878M

By Michael Nunes

Utah's general fund revenue from July 2024 through June was $878 million higher than the previous fiscal year, according to the state Tax Commission.

RI Revenues Through Sept. Up $46M From Estimate

By Michael Nunes

Rhode Island revenues from July through September outpaced budget forecasts by $46 million, according to the state Department of Revenue.

ND Revenues Through Sept. Fall $8M Short Of Estimate

By Michael Nunes

North Dakota's general revenues from July through September lagged $8 million behind a forecast, according to the state Legislative Council.

Colo. Revenues In September Rise $30M From Last Year

By Michael Nunes

Colorado's total revenue collection in September outpaced last year by $30 million, according to the state Department of Revenue.

Ariz. Revenue Through Sept. Beats Estimate By $148M

By Michael Nunes

Arizona's general fund collection from July through September was $148 million stronger than estimated, the state's Joint Legislative Budget Committee reported.

Okla. Tax Revenue Through Sept. Up $108M From Estimate

By Michael Nunes

Oklahoma's general fund revenue from July through September outpaced a forecast by $108 million, according to the state Office of Management and Enterprise Services.

Tenn. Revenues Through Sept. Top Estimates By $36M

By Michael Nunes

Tennessee's revenue collection from August through September beat forecasts by $36 million, according to the state Department of Revenue.

RI Revenue Through August Beats Forecast By $3.2M

By Michael Nunes

Rhode Island's general fund revenue in July and August totaled $3.2 million more than a budget estimate, according to the state Department of Revenue.

New York Tax Collections Up $5.4B Through Sept.

By Michael Nunes

New York's tax revenue collection from April through September beat last year's total for the same period by $5.4 billion, according to a report by the state Department of Taxation and Finance.

NJ Tax Revenue In September Rises By $219M

By Paul Williams

New Jersey's September revenue collections exceeded last year's figures for the month by 4.4%, or $219 million, according to a report by the state Department of the Treasury.

Va. Revenue Through Sept. Rises By $374M

By Michael Nunes

Virginia's general fund revenue collection from July through September surged by $374 million compared with the total for the same period last year, according to the state Department of Revenue.

Ill. Revenue Through Sept. Beats Budget Forecast By $289M

By Michael Nunes

Illinois' total revenue from July through September outpaced estimates by $289 million, according to the governor's office.

Ky. General Revenue Through Sept. Falls $108M

By Michael Nunes

Kentucky's general fund revenue from June through September decreased from last year during the same period by $108 million, according to the state Department of Revenue.

Ind. Revenues Through Sept. Top Estimates By $271M

By Michael Nunes

Indiana's general fund revenue from July through September outpaced estimates by $271 million, according to the state Department of Revenue.

Calif. Revenue Through Sept. Beats Estimate By $4.2B

By Michael Nunes

California's general fund revenue from July through September outpaced forecasts by $4.2 billion, according to a report from the state comptroller.

La. Tax Collection In September $150M Short Of Last Year

By Michael Nunes

Louisiana's revenue collection in September fell $150 million compared with the same period last year, according a state Department of Revenue report released Thursday.

SD Total Revenues Through September Lower By $17M

By Michael Nunes

South Dakota's general revenue from July through September underperformed forecasts by $17 million, according to the state Bureau of Finance and Management.