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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.
![](https://assets.law360news.com/1826000/1826685/law360_ta_logo_navy@2x.png)
NEWS & ANALYSIS
By Michael Nunes
Delaware's net receipts in the 2024 fiscal year increased by $54 million from the preceding year, according to the state's Department of Finance.
By Michael Nunes
Mississippi revenue collection in the 2024 fiscal year was up $56 million from the previous fiscal year, according to the state Department of Revenue.
By Michael Nunes
South Dakota's general fund receipts in the 2024 fiscal year were roughly $24 million higher than budget estimates, according to the state Bureau of Finance and Management.
By Michael Nunes
Illinois' total general fund revenue in the 2024 fiscal year outperformed a forecast by $124 million, the state Office of Management and Budget reported.
By Michael Nunes
Indiana's general fund revenue in the 2024 fiscal year totaled $15 million less than a budget forecast, according to the State Budget Agency.
By Michael Nunes
Nebraska's net general fund receipts for the 2024 fiscal year came in $11 million below a budget projection, the state Department of Revenue said Monday.
By Michael Nunes
Kentucky's general revenue collection from July 2023 through June beat budget estimates by $17 million, according to a monthly report from the Office of State Budget Director.
By Michael Nunes
New Hampshire's general fund receipts through the 2024 fiscal year were $147 million higher than budget estimates, according to the state Department of Administrative Services.
By Michael Nunes
Georgia's general fund receipts at the end of the 2024 fiscal year decreased $182 million from 2023, the state's Department of Revenue reported Friday.
By Michael Nunes
Minnesota's total net revenue for the fiscal year was $421 million higher than forecast, according to the state Department of Management and Budget.
By Michael Nunes
Ohio's general revenue in the 2024 fiscal year was $928 million lower than estimates, according to the state Office of Budget and Management.
By Michael Nunes
Florida's net revenue collection from July 2023 through May was $1.06 billion higher than estimates, according to the state Office of Economic and Demographic Research.
By Michael Nunes
California's general fund revenue in the 2024 fiscal year was $3 billion higher than estimated, the California state controller said Wednesday.
By Michael Nunes
Iowa's total receipts for the 2024 fiscal year were $266 million higher than the previous fiscal year, according to a memo from the state's Department of Management.
By Michael Nunes
Alabama's total general revenue from October through June was $162 million higher than the same period last fiscal year, according to the state Department of Revenue.
By Jaqueline McCool
Kansas collected $1.03 billion in tax revenue in June, about $40 million more than it collected in the same month last year, according to revenue figures released by the governor's office.
By Michael Nunes
Missouri general revenue collection throughout the 2024 fiscal year was $194 million higher than the previous fiscal year, according to a report by the state's Office of Administration, Division of Budget and Planning.
By Jaqueline McCool
Arkansas' general revenue for June was at $751 million, 2.5% below June 2023, the state Department of Finance and Administration announced.
By Michael Nunes
West Virginia's general fund collections in fiscal year 2024 were $590 million ahead of budget estimates, the State Budget Office said in a preliminary report.
By Jaqueline McCool
Arkansas net available general revenue for the month of June fell 2.5% below the previous year's collections, the state Department of Finance and Administration said Tuesday.