- Law360
- Law360
- Law360 UK
- Law360 Pulse
- Law360 Employment Authority
- Law360 Insurance Authority
- Law360 Real Estate Authority
- Law360 Bankruptcy Authority
- Law360 Healthcare Authority
- 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
Arkansas' net revenue collection from July through November beat forecasts by $11 million, according to the state Department of Finance and Administration in a report released Tuesday.
By Michael Nunes
Vermont's general revenue collection from July through October increased by $103 million from the same period last year, according to the state Agency on Administration.
By Paul Williams
Maine's October general revenue collections exceeded estimates by $25.1 million, boosting the state's coffers through the first third of the fiscal year to $157.1 million, or 8.7%, over budget, according to a report by the state Department of Administrative and Financial Services.
By Michael Nunes
Michigan's general fund revenue in October beat last year's collection during the same period by $26 million, the state Budget Office said in a report Wednesday.
By Michael Nunes
Delaware's general revenue collection from July through October was $69 million higher than the same period last year, according to a monthly report by the state's Department of Finance.
By Michael Nunes
Utah's general revenue collection from July through October beat last year's collection during the same period by $85 million, according to a report by the state Tax Commission.
By Michael Nunes
South Carolina's general revenue collection from July through October exceeded last year's collection during the same period by $437 million, according to the state Board of Economic Advisors.
By Michael Nunes
North Carolina revenue from July through October totaled roughly $59 million more than it did during the same period last year, according to the state controller's office.
By Michael Nunes
Arizona's general revenue collection from July through October beat a forecast by $235 million, according to a report by the state's joint legislative budget committee.
By Michael Nunes
Pennsylvania's general fund revenue from July through October outpaced forecasts by roughly $77 million, according to the state Department of Revenue.
By Michael Nunes
Rhode Island's general revenues from July through October beat forecasts by $18 million, the state Department of Revenue said.
By Michael Nunes
Idaho's total revenue from July through October outpaced a forecast by $41 million, according to the state Division of Financial Management.
By Michael Nunes
Mississippi's general revenue collection from July through October underperformed the same period in the last fiscal year by $39 million, according to the state Department of Revenue.
By Michael Nunes
Louisiana revenue in October fell $242 million from the total for the same month last year, according to a report from the state Department of Revenue.
By Michael Nunes
Nebraska's total net revenue from July through October was level with estimates, according to the state Department of Revenue.
By Michael Nunes
Illinois' general revenue collection from July through October outpaced a government forecast by $415 million, according to the state Office of Management and Budget.
By Michael Nunes
Indiana general revenue collection from July through October underperformed an estimate by $243 million, according to the state Budget Agency.
By Michael Nunes
New York's total tax collection from April through October grew $14.13 billion compared with the same period last fiscal year, according to the state Department of Taxation and Finance.
By Michael Nunes
Virginia's general revenue collection from July through October was $732 million higher than it was during the same period last fiscal year, according to the state Department of Revenue.
By Michael Nunes
New Jersey's revenue collection from July through October was $323 million more than the same period in the last fiscal year, according to the state Department of the Treasury on Monday.