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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.

NEWS & ANALYSIS
By Michael Nunes
New York state collected $10 billion more in tax in the fiscal year that ended last month than in the prior year, according to the state's tax department.
By Michael Nunes
Illinois' general revenue collection from July through March outpaced estimates by $149 million, according to the Governor's Office of Management and Budget.
By Michael Nunes
Oklahoma's general fund revenue from July through March beat estimates by $315 million, according to the state Office of Management and Enterprise Services.
By Michael Nunes
Virginia's general fund revenue from July through March surpassed the total from the same period last fiscal year by $1.6 billion, according to the state's finance secretary.
By Michael Nunes
Ohio's general fund revenue collection from July through March outpaced forecasts by $722 million, according to the state Office of Budget Management.
By Michael Nunes
California's general fund revenue from July through March outpaced estimates by $7.6 billion, according to a report released by the state comptroller.
By Michael Nunes
Louisiana's net revenue collection in March was $9 million higher than last year, according to the state Department of Revenue.
By Michael Nunes
Alabama's net tax revenue collection from October through March outpaced the total from the same period last fiscal year by $133 million, according to the state Department of Revenue.
By Michael Nunes
New Hampshire's general fund revenue collection from July through March exceeded estimates by $129 million.
By Michael Nunes
Iowa's general fund revenue from July through March dropped $791 million from last year, according to the state Department of Management.
By Michael Nunes
Arkansas' general fund revenue collection from July through March was $62 million better than expected, according to the state Department of Finance and Administration.
By Michael Nunes
Massachusetts' general fund revenue collection from July through March outpaced estimates by $653 million, according to a report by the state Department of Revenue.
By Michael Nunes
Mississippi's general fund revenue collection from July through March outpaced estimates by $120 million, according to the state Department of Revenue.
By Michael Nunes
Texas general fund revenue collection from September through March outpaced the same period last year by 1%, according to the state comptroller's office.
By Michael Nunes
West Virginia's general fund revenue collection from July through March outperformed estimates by $199 million, according to the State Budget Office.
By Michael Nunes
Florida's general fund revenue collected from July through February was $137 million stronger than expected, according to the state Office of Economic and Demographic Research.
By Michael Nunes
Maine revenues from July through February underperformed estimates by $112 million, according to the state Department of Finance and Administrative Services.
By Michael Nunes
Michigan's general fund revenue from October through February exceeded the same period last year by $973 million, according to the State Budget Office.
By Michael Nunes
Delaware's net receipts from July through February outpaced the same period last fiscal year by $357 million, according to the state Department of Finance.
By Michael Nunes
North Carolina's general fund revenue collection from July through February outpaced the same period last year by $554 million, according to the state comptroller's office in a report released Monday.