- Law360
- Law360
- Law360 UK
- Law360 Pulse
- Law360 Employment Authority
- Law360 Insurance Authority
- Law360 Real Estate Authority
- Law360 Bankruptcy Authority
- Law360 Healthcare Authority
- Tax Topics
- Cannabis
- Coronavirus
- Oppertunity Zones
- Transfer Pricing
- Tax Authority Maps
- Tax Authority Map
- Sections
- Home
- Federal
- State & Local
- International
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.
NEWS & ANALYSIS
By Michael Nunes
Texas' general revenue collection from September 2023 through August was roughly 1% higher than it was in the prior fiscal year, the state comptroller's office said.
By Michael Nunes
Pennsylvania's general fund collection in the first two months of the 2025 fiscal year was $54 million more than budget projections, according to the state's revenue secretary.
By Michael Nunes
Arkansas net general revenue in July and August was $10 million above estimates, according to a report the state Department of Finance and Administration published Wednesday.
By Michael Nunes
West Virginia's general revenue collection through August was down $205,000 from budget forecasts, according to the state Budget Office.
By Michael Nunes
Kansas' total tax receipts in the first two months of the 2025 fiscal year were $7 million higher than estimates, according to the governor's office.
By Michael Nunes
Maine's revenue collection in July beat budget estimates by roughly $106 million, according to the state Department of Administrative and Financial Services.
By Michael Nunes
Michigan general fund revenues from October 2023 through July 2024 decreased by $504 million from last fiscal year, the state Budget Office said Friday.
By Michael Nunes
Wisconsin revenue collection through the 2024 fiscal year was $276 million over budget projections, the state Department of Revenue said.
By Michael Nunes
Vermont's general revenue collection for the first month of the fiscal year was roughly $28 million higher than last year, the state Agency of Administration said in a report.
By Michael Nunes
South Carolina's general fund ended the 2024 fiscal year with revenues $355 million higher than expected, according to the state Board of Economic Advisors.
By Michael Nunes
North Dakota's general fund revenue in the first month of the 2025 fiscal year was $3 million over estimates, according to a monthly report by the state Legislative Council.
By Michael Nunes
New Mexico collected $421 million more in revenue than estimated between July 2023 and March 2024, according to a report by the state's Legislative Finance Committee.
By Michael Nunes
Arizona's total general revenue in July was $83 million higher than forecast, according to a report by the Joint Legislative Budget Committee.
By Michael Nunes
Idaho's general revenue collection at the start of the 2025 fiscal year was $5 million below forecasts, according to a report by the state Division of Financial Management.
By Michael Nunes
Mississippi tax collection in the first month of the 2025 fiscal year was $12.9 million less than last year, according to the state Department of Revenue.
By Michael Nunes
Nebraska general revenues in July, the start of the 2025 fiscal year, were roughly $855,000 higher than expected, according to a report by the state Department of Revenue.
By Michael Nunes
Ohio collected $3.83 billion in revenue in July, the start of fiscal year 2025, in line with budget estimates, according to the state's Office of Budget and Management.
By Michael Nunes
New Jersey collected $98 million more revenue over the past 13 months than in the previous fiscal year, according to a report by the state's Department of the Treasury.
By Michael Nunes
Georgia's general fund receipts for July, the first month of the 2025 fiscal year, were $66 million higher than last year, according to the state Department of Revenue.
By Michael Nunes
Kentucky general revenue in July was $141 million higher than last year, according to the state Budget Director's Office.