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


Ky. General Revenue Through June Up $132M

By Michael Nunes

Kentucky's general revenue collection from July 2024 through June was $132 million higher than the same period last year, according to the Office of State Budget Director.

Pa. Revenue Up $321M From Forecast For Fiscal Year

By Michael Nunes

Pennsylvania collected $321 million more in general fund revenue than expected in fiscal year 2025, according to a report released Friday by the state's Department of Revenue.

Calif. Revenue Tops Forecast For Year By $3.7B

By Michael Nunes

California's net revenue collection in the fiscal year that ended last month outpaced an estimate by $3.7 billion, the state controller's office reported.

Minn. Revenue Surpasses Estimate By $847M

By Michael Nunes

Minnesota's total revenue from July 2024 through June beat an estimate by $847 million, according to the state's management and budget office.

Ga. General Fund Receipts Through June Up $668M

By Michael Nunes

Georgia's general fund receipts in the 2025 fiscal year were $668 million higher than in the last fiscal year, according to the state Department of Revenue.

NH Annual Receipts Down $26M From Budget Estimates

By Michael Nunes

New Hampshire's total receipts for the year ending in June were $26 million weaker than expected, according to the state Department of Administrative Services.

Kansas Tax Collection Through June Up $132M From Estimate

By Michael Nunes

Kansas' total receipts from July through June beat government estimates by $132 million, according to the state Division of the Budget.

Florida Net Revenue Through May Beat Estimates By $360M

By Michael Nunes

Florida's net general revenue for July through May outpaced forecasts by $360 million, according to a report by the state Department of Revenue.

Ala. Tax Revenue Through June Jumps $368M From Last Year

By Michael Nunes

Alabama's total revenue from October through June outpaced last year's collection during the same time frame by $368 million, according to a report by the state Department of Revenue.

Iowa Total Receipts Fall $616M From Last Year

By Michael Nunes

Iowa's general revenue collection for the fiscal year that ended last month dropped from the prior year's total by $616 million, according to a report by the state's Department of Management.

Arkansas Revenues Through June Beat Forecast By $153M

By Michael Nunes

Arkansas' net general revenues from July through June exceeded expectations by $153 million, the state Department of Finance and Administration reported.

Texas Revenues Through June Up 2.5% From Last Year

By Michael Nunes

Texas' net revenues from September through June were 2.5% higher than last year for the same period, the state comptroller reported.

W.Va. Fiscal 2025 Revenues Beat Forecast By $255 Million

By Michael Nunes

West Virginia's revenue collection throughout fiscal year 2025 outpaced forecasts by $255 million, according to a preliminary report by the State Budget Office.

Ariz. Revenue Collection Beats Forecast By $189M

By Michael Nunes

Arizona's general revenue collection for July 2024 through May outpaced forecasts by $189 million, according to a report by the state's Joint Legislative Budget Committee.

Michigan General Revenue Climbs $700M From Last Year

By Michael Nunes

Michigan's general fund revenue from October through May beat last year's total by $700 million, the State Budget Office said Monday.

Delaware Net Receipts Rise $151M From Last Year

By Michael Nunes

Delaware's net receipts from July through May outpaced last fiscal year's total for that span by $151 million, according to the state Department of Finance.

Maine General Revenues Beat Forecast By $36M

By Michael Nunes

Maine's general fund revenue from July through May outpaced estimates by $36 million, according to a report by the state's Department of Administrative and Financial Services.

SC Revenue Through May Jumps $1B From Last Year

By Michael Nunes

South Carolina's gross general revenue collection from July through May outpaced the total for the same period last fiscal year by roughly $1 billion, according to a report by the state Board of Economic Advisors.

Pa. Revenue Collection Through May Up $827M

By Michael Nunes

Pennsylvania's general revenue collection from July through May beat last year's collection for the same period by $827 million, the state Department of Revenue reported.

Utah Revenue Through May Rises $773M

By Michael Nunes

Utah's general revenue collection from July through May beat last year's total for that period by $773 million, according to a report by the state Tax Commission.