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


Maine Revenues Through Feb. Lag $112M Behind Forecast

By Michael Nunes

Maine revenues from July through February underperformed estimates by $112 million, according to the state Department of Finance and Administrative Services.

Mich. General Revenue Climbs $973M From Last Year

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.

Del. Net Receipts Rise $357M From Last Year

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.

NC Revenues Through February Up $554M From Last Year

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.

SC Revenue Collection Through Feb. Beat Estimates by $554M

By Michael Nunes

South Carolina's general fund revenue from July through February outpaced estimates by $554 million, according to the state Board of Economic Advisors.

Tenn. Revenues Through February $26M Below Forecast

By Michael Nunes

Tennessee's general fund revenue collection from July through February lagged behind expectations by $26 million, according to the state Department of Finance and Administration.

Ariz. Revenue Lags Behind Forecast By $41M

By Michael Nunes

Arizona's general revenue collection from July through February underperformed expectations by $41 million, according to a state budget committee.

Wis. General Revenue Through Feb. Up $587M

By Michael Nunes

Wisconsin's general fund revenue collection from July through February exceeded the same period last year by $587 million, according to the state Department of Revenue in a report released Friday.

RI Revenue Through Feb. Tops Forecast By $6M

By Michael Nunes

Rhode Island's general fund revenue collection from July through February surpassed an estimate by $6 million, according to the state Department of Revenue.

Utah General Fund Revenue Up $552M Through Feb.

By Michael Nunes

Utah's general fund revenue collection from July through February outpaced the same period last year by $552 million, according to the state's Tax Commission.

Pa. Revenue Through Feb. Beats Estimate By $382M

By Michael Nunes

Pennsylvania's general fund revenue collection from July through February outpaced an estimate by $382 million, according to the state Department of Revenue.

NJ Revenue Through Feb. Up $880M, Treasury Says

By Michael Nunes

New Jersey's general fund revenue collection from July through February was $880 million ahead of last year's, according to a report by the state Department of the Treasury.

NY Tax Revenues Through Feb. Rise By $8B

By Michael Nunes

New York's tax collection from April through February outpaced the total from the same period last fiscal year by $8 billion, according to the state's Department of Taxation and Finance.

Ga. Receipts Through Feb. Rise By $343M

By Michael Nunes

Georgia's general fund revenue collection from July through February grew by $343 million from the same period last fiscal year, according to the state Department of Revenue.

Neb. General Revenues Through Feb. On Target, Dept. Says

By Michael Nunes

Nebraska's general fund receipts from July through February were in line with estimates, according to a report by the Department of Revenue.

Ill. Revenue Through Feb. Beats Forecast By $427M

By Michael Nunes

Illinois' general revenue collection from July through February surpassed an estimate by $427 million, according to the state's Office of Management and Budget.

Ky. Revenue Through Feb. Drops By $111M

By Michael Nunes

Kentucky's general fund revenue collection from July through February lagged $111 million behind the total from the same period last fiscal year, according to the state's budget director.

Okla. Tax Revenues Through Feb. Up $296M From Estimate

By Michael Nunes

Oklahoma's revenue collection from July through February outpaced estimates by $296 million, according to the state Office of Management and Enterprise Services.

Idaho Revenues Through Feb. Up $63M From Forecast

By Michael Nunes

Idaho's general fund revenue from July through February outpaced estimates by $63 million, according to the state Division of Financial Management.

Ohio Revenues Through Feb. Beat Estimates By $598M

By Michael Nunes

Ohio's general fund revenue collection from July through February outpaced estimates by $598 million, according to the state Office of Budget Management.