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


Ark. Revenues Through Nov. Outpace Estimate By $11M

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.

Vt. General Revenue Collection Up $103M From Last Year

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.

Maine Beating Tax Estimates By 8.7% Through October

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.

Mich. Revenues In Oct. Rise $26M From Last Fiscal Year

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.

Del. Net Receipts Through Oct. Up $69M From Last Year

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.

Utah General Revenue Collection Through Oct. Up $85M

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.

SC Revenues Through Oct. Up $437M Over Last Year

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.

NC Revenue Through Oct. Up $59M From Last Year

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.

Ariz. Revenue Through Oct. Beats Forecast By $235M

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.

Pa. Revenues Through Oct. Beat Estimates By $77M

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.

RI General Revenues Exceed Budget Estimates By $18M

By Michael Nunes

Rhode Island's general revenues from July through October beat forecasts by $18 million, the state Department of Revenue said.

Idaho Revenue Through Oct. Tops Forecast By $41M

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.

Miss. Collections Through Oct. Down $39M From Last Year

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.

La. Total Revenue In Oct. Falls $242M From Last Year

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.

Neb. Revenue Collection Through Oct. Matches Estimate

By Michael Nunes

Nebraska's total net revenue from July through October was level with estimates, according to the state Department of Revenue.

Ill. Revenue Through Oct. Beats Forecast By $415M

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.

Ind. Revenue Through Oct. Falls $243M Short Of Forecast

By Michael Nunes

Indiana general revenue collection from July through October underperformed an estimate by $243 million, according to the state Budget Agency.

NY Tax Collections Through Oct. Up $14B, Department Says

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.

Va. Revenue Through Oct. Grows $732M

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.

NJ Revenue Collection Through Oct. Up $323M From Last Year

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.