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

Neb. Tax Receipts Through Feb. Nearly Match Forecast

By Sanjay Talwani

Nebraska's net tax receipts from July through February came close to projections, according to a report released by the state Department of Revenue on Friday.

Okla. Total General Revenues Up $52M From Estimate

By Michael Nunes

Oklahoma general revenue collection from July through February outpaced estimates by $52 million, according to a report by the state Office of Management and Enterprise Service released Friday.

Kentucky General Revenues Up $166M Through Feb.

By Michael Nunes

Kentucky's general revenue collection from July through February outpaced the same period in the previous year by $166 million, according to a report by the Office of State Budget Director.

Ohio General Revenues Through Feb. Beat Estimate By $227M

By Michael Nunes

Ohio's general revenue from July through February surpassed forecasts by $227 million, according to a report by the state Office of Budget Management.

Minn. General Revenues In Feb. $116M Ahead Of Forecasts

By Michael Nunes

Minnesota's general revenue collection in February exceeded budget forecasts by $116 million, according to a report by the state Department of Management and Budget.

Indiana Tax Collection Through Feb. Beats Estimate By $151M

By Michael Nunes

Indiana's general revenue collection from July through February outpaced forecasts by $151 million, according to a report from the State Budget Agency.

Calif. Revenues Through February Up $4.3B From Forecast

By Michael Nunes

California's revenue collection from July through February outpaced estimates by $4.3 billion, according to a report by the state Comptroller's Office.

Kansas Tax Collection Through Feb. Beat Estimates By $216M

By Michael Nunes

Kansas' tax collection from July through February outpaced forecasts by $216 million, according to a report from the state's Division of the Budget.

SD General Fund Revenues Through Feb. Up $2M

By Michael Nunes

South Dakota's general fund revenue from July through February beat estimates by nearly $2.2 million, according to a report by the state Bureau of Finance and Management.

Iowa Total Receipts Through Feb. Drop $239M

By Michael Nunes

Iowa's total receipts from July through February lagged behind last year's collections during the same time frame by $239 million, according to the state Department of Management.

Ark. General Revenues Through Feb. Up $105M Over Estimate

By Michael Nunes

Arkansas general revenue collection from July through February beat forecasts by $105 million, according to a report by the state's Department of Finance and Administration.

Mass. Tax Collections Through Feb. Beat Estimates By $688M

By Michael Nunes

Massachusetts' tax collection from July through February outpaced estimates by $688 million, according to the state Department of Revenue.

Texas Net Revenue Through Feb. Up 5%, Comptroller Says

By Michael Nunes

Texas' net revenue collection from September through February beat that made during the same period in the last fiscal year by nearly 5%, according to a report by the state comptroller's office.

Ala. Revenue Collection Through Feb. Down $214M

By Michael Nunes

Alabama's total revenue collection from July through February dropped $214 million compared with the same time frame last year, according to the state Department of Revenue in a report released Wednesday.

NH Total Receipts Down $16M From Budget Estimates

By Michael Nunes

New Hampshire's tax collections from July through February underperformed forecasts by $16 million, according to a report from the Department of Administrative Services released Wednesday.

Florida Net Revenue Through Feb. Beats Estimate By $596M

By Michael Nunes

Florida's general revenue collection from July through January outpaced estimates by $596 million, according to a report by the Office of Economic and Demographic Research released Tuesday.

Del. Net General Revenue $150M Higher Than Last Year

By Michael Nunes

Delaware's net receipts from July through January beat collections during the same period in the last fiscal year by $150 million, according to a report by the state Department of Finance.

W.Va. Revenues Through Feb. Beat Estimates By $62M

By Michael Nunes

West Virginia's general fund revenue collection from July through February outpaced forecasts by $62 million, according to a report by the State Budget Office.

RI Revenue Collection Down $26M from Budget Estimates

By Michael Nunes

Rhode Island's general revenue collection from July through January lagged behind estimates by $26 million, according to the state Department of Revenue.

Mich. General Revenues Through Jan. Down $95M

By Michael Nunes

Michigan's revenue collection from October through January dropped $95 million compared with the same period in the previous year, according to a report by the state Budget Office released Friday.