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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

RI Revenues Through April Exceed Estimate By $117M

By Michael Nunes

Rhode Island's general fund revenue collection from July through April beat forecasts by $117 million, according to the state Department of Revenue.

Oregon Raises Revenue Forecast By $351M

By Michael Nunes

Oregon increased its forecast of general fund revenue for the 2025-27 biennium by $351 million, according to a report by its Department of Administrative Services.

NJ Revenues Through April Up $2B From Last Year

By Michael Nunes

New Jersey's revenue collection from July through April outpaced the same period last year by $2 billion, according to the state Department of the Treasury.

Wis. Revenues Through April $862M Higher Than Last Year

By Michael Nunes

Wisconsin's general fund revenue collection from July through April grew $862 million from the same period last year, according to the state Department of Revenue.

Utah's Revenue Collection Through April Up $622M

By Michael Nunes

Utah's general fund revenue collection from July through April beat the same period last year by $622 million, according to the State Tax Commission.

Pa. Revenue Through April Up $993M From Estimate

By Michael Nunes

Pennsylvania's general fund revenue collection from July through April exceeded estimates by $993 million, according to the state Department of Revenue.

Neb. Net Receipts Through April Lag Forecast By $135M

By Michael Nunes

Nebraska's net receipts from July through April underperformed estimates by $135 million, according to the state Department of Revenue.

Va. General Revenue Collection Through April Up $1.8B

By Michael Nunes

Virginia's general fund revenue from July through April exceeded that of the same period last year by $1.8 billion, according to the state Department of Accounts.

Ill. Total Revenue Through April Beats Forecast By $574M

By Michael Nunes

Illinois' total revenue from July through April outpaced estimates by $574 million, according to the state Office of Management and Budget.

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.