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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

Minn. Revenue in April Beats Forecast By $230M

By Michael Nunes

Minnesota's general revenue collected in April outpaced estimates by $230 million, according to the state Department of Management and Budget.

NY Total Tax Collections In April Up $777M From Last Year

By Michael Nunes

New York's general fund revenue in April was $777 million higher than during the same period last fiscal year, according to the state Department of Taxation and Finance.

Okla. Revenue Through April Beats Estimates By $393M

By Michael Nunes

Oklahoma's general revenue collection from July through April outpaced forecasts by $393 million, according to the state's Office of Management and Enterprise Services.

Wis. Gov. Signals Budget Compromise With No Tax On Tips

By Michael Nunes

Wisconsin's governor said a bipartisan deal has been reached with Republican leaders in the Legislature on a budget deal that will include no state tax on tips and overtime pay, as well as some property tax relief.

NC Tax Revenue Collection Through March Up $853M

By Michael Nunes

North Carolina's general revenue from July through March exceeded the same period last fiscal year by $853 million, the Office of the State Controller reported.

Ohio Revenue Through April Beats Estimate By $1B

By Michael Nunes

Ohio's total revenue from July through April exceeded an estimate by $1 billion, according to the state Office of Budget and Management.

Idaho Revenues Through April Up $179M From Forecasts

By Michael Nunes

Idaho's general fund revenue from July through April exceeded estimates by $179 million, according to the state Division of Financial Management.

Ky. Revenue Through April Rises $221M From Last Year

By Michael Nunes

Kentucky's general fund revenue collection from July through April beat the total from the same period last fiscal year by $221 million, according to the state Department of Revenue.

Ind. Revenue Through April $1.3B Better Than Forecast

By Michael Nunes

Indiana's general fund revenue collection from July through April beat estimates by $1.3 billion, according to the State Budget Agency.

Calif. Revenue Through April Beats Estimate By $12B

By Michael Nunes

California's general fund revenue from July through April outpaced a forecast by $12 billion, according to the state controller's office.

Mo. Revenues Through April Fall $86M From Last Year

By Michael Nunes

Missouri's general fund revenue collection from July through April sank $86 million below the same period last fiscal year, according to the state Department of Revenue.

SC Revenue Through March Rises $529M From Last Year

By Michael Nunes

South Carolina's general fund revenue collection from July through March exceeded the total from the same period last fiscal year by $529 million, according to the state Revenue and Fiscal Affairs Office.

Mass. Revenue Through April Tops Estimate By $1.58B

By Michael Nunes

Massachusetts' revenue collection from July through April exceeded an estimate by $1.58 billion, according to the state Department of Revenue.

Kansas Tax Collection Through April Up $26M From Estimate

By Michael Nunes

Kansas' tax collection from July through April outpaced budget forecasts by $26 million, according to the state Department of Revenue.

Iowa Total Receipts Through April Drop By $798M

By Michael Nunes

Iowa's total receipts from July through April fell $798 million from the total for the same period last fiscal year, according to the state's Department of Management.

Mont. Revenue Through April Up $205M, Dept. Says

By Michael Nunes

Montana's general fund revenue from July through April outpaced the same period last year by $205 million, according to the state Department of Revenue.

Fla. Net Revenue Through March Beat Estimates By $195M

By Michael Nunes

Florida's general fund revenue collection from July through March outpaced estimates by $195 million, the state Office of Economic and Demographic Research said.

Ark. Revenues Through April Beat Estimate By $226M

By Michael Nunes

Arkansas' general fund revenue collections from July through April exceeded forecasts by $226 million, according to a report released Monday by the state Department of Finance and Administration.

Mich. General Revenue Through April Up $821M

By Michael Nunes

Michigan's general fund revenue from October through April outpaced the total from the same period last fiscal year by $821 million, according to the state's budget office.

Texas Revenue Through April Falls $629M From Last Year

By Michael Nunes

Texas' general fund revenue collection from September through April lagged behind the total from the same period last year by $629 million, according to the state comptroller's office.