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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 Paul Williams
New Jersey's September revenue collections exceeded last year's figures for the month by 4.4%, or $219 million, according to a report by the state Department of the Treasury.
By Michael Nunes
Virginia's general fund revenue collection from July through September surged by $374 million compared with the total for the same period last year, according to the state Department of Revenue.
By Michael Nunes
Illinois' total revenue from July through September outpaced estimates by $289 million, according to the governor's office.
By Michael Nunes
Kentucky's general fund revenue from June through September decreased from last year during the same period by $108 million, according to the state Department of Revenue.
By Michael Nunes
Indiana's general fund revenue from July through September outpaced estimates by $271 million, according to the state Department of Revenue.
By Michael Nunes
California's general fund revenue from July through September outpaced forecasts by $4.2 billion, according to a report from the state comptroller.
By Michael Nunes
Louisiana's revenue collection in September fell $150 million compared with the same period last year, according a state Department of Revenue report released Thursday.
By Michael Nunes
South Dakota's general revenue from July through September underperformed forecasts by $17 million, according to the state Bureau of Finance and Management.
By Michael Nunes
Missouri's general fund revenue from July through September lagged behind last year's total during that time frame by $19 million, according to the state Department of Revenue.
By Michael Nunes
Florida's net revenue collection in July and August outpaced a forecast by $114 million, according to the state Department of Revenue.
By Michael Nunes
Arkansas' net general fund revenue from July through September outperformed estimates by $74 million, according to the state Department of Revenue.
By Michael Nunes
New Hampshire's total receipts from July through September underperformed budget estimates by $17 million, the state Department of Administrative Services reported.
By Michael Nunes
Massachusetts general revenue collection from July through September lagged behind estimates by $64 million, according to the state Department of Revenue.
By Michael Nunes
Texas net general revenue collection in September fell 2.8% from the same month last year, the state comptroller's office reported.
By Michael Nunes
Iowa's total receipts from July through September lagged behind the total for the same period last year by $454 million, the state's Department of Management said.
By Michael Nunes
Vermont's general fund revenue from July and August outpaced the total collected in those months last year by $18 million, according to the state's Agency of Administration.
By Michael Nunes
West Virginia's general fund revenue from July through September beat an estimate by $61 million, according to a report released Thursday.
By Michael Nunes
Washington, D.C., expects revenue collections for the fiscal year that ended last month to total $714 million more than collections in the year prior, partly because of higher individual and corporate income tax revenue, its chief financial officer said.
By Michael Nunes
Rhode Island's general revenue collection in July outpaced an estimate by about $5 million, the state Department of Revenue reported.
By Michael Nunes
Michigan's general revenue collection from October 2024 through August beat last year's total by $940 million, according to the state Department of Revenue in a report released Tuesday.