Table 7.4

Fiscal 2022 General Fund Revenue Collections Compared With Projections Used to Adopt Fiscal 2022 Budgets (Millions)


  Sales Tax Personal Income Tax Corporate Income Tax Gaming/Lottery Revenue All Other Revenue Total
FIPS State or other
jurisdiction
Original
Esitmate
Preliminary
Actual
Original
Esitmate
Preliminary
Actual
Original
Esitmate
Preliminary
Actual
Original
Esitmate
Preliminary
Actual
Original
Esitmate
Preliminary
Actual
Original
Esitmate
Preliminary
Actual
Total$294,501$334,720$450,534$528,747

$67,603

$121,416$9,110$10,266$152,851$179,343$974,599$1,174,492
01Alabama3,0353,4944,2355,809

542

1,0532,2162,45910,02812,815
02Alaska

10

15241,6503,8651,6623,884
04Arizona6,3807,1405,8907,401

645

1,11226(328)74112,58716,420
05Arkansas2,8153,1153,1904,133

479

78333484785386,9958,617
06California (a)28,98632,750123,298136,497

18,106

46,395006,8116,132177,201221,774
08Colorado3,6774,2599,10311,468

803

1,4082747313,85717,208
09Connecticut (b)4,2754,81810,36112,057

1,116

1,4026336444,6373,07521,02221,996
10Delaware1,7881,909

145

3142202362,9723,3705,1255,829
12Florida (c)27,13534,040

2,876

3,76220154,8346,22034,86544,037
13Georgia6,6497,30612,73914,112

881

1,4265,5155,73125,78428,575
15Hawaii3,7483,9802,4983,760

149

2561,5482,2167,94310,212
16Idaho1,8662,1952,0892,603

261

1,0391873614,4036,198
17Illinois9,25510,23420,79224,839

3,293

5,4078379608,1918,89342,36850,333
18Indiana9,0749,9916,7118,181

884

1,5404225091,2381,22318,32921,444
19Iowa3,3993,8545,0515,780

743

9199098(994)(847)8,2899,804
20Kansas (d)3,5153,5344,5004,836

725

806(1,045)(1,261)7,6957,915
21Kentucky4,3365,0635,0046,048

469

1,1872922951,7492,11111,85014,704
22Louisiana3,8284,5843,7934,438

500

8973634281,4047389,88811,085
23Maine1,8572,0791,8452,581

220

41660711982454,1805,392
24Maryland (e)4,9975,96711,66313,548

1,252

1,7005966351,7742,19420,28224,044
25Massachusetts5,5526,22819,94124,337

3,437

4,5771,4271,4408,9089,63139,26546,213
26Michigan2,0322,3207,2898,831

605

1,2281,3201,29811,24613,677
27Minnesota6,2346,60312,81914,477

1,478

2,3761772383,4093,70924,11727,403
28Mississippi2,6292,9831,8842,500

490

8551251747998765,9277,388
29Missouri2,2542,6926,7459,010

412

7113744689,78512,881
30Montana66931,5392,394

161

29477938001,0172,6433,891
31Nebraska1,9932,1332,3143,243

350

7152232574,8806,348
32Nevada1,3551,6137391,0052,3312,8244,4255,442
33New Hampshire

604

7501,0571,2421,6611,992
34New Jersey12,22213,23516,88120,586

4,093

5,7538,66411,83041,86051,404
35New Mexico (f)2,6173,4921,6671,920

42

30664713,1583,1517,5488,940
36New York14,78213,81553,27259,519

6,986

8,48214137,63010,05182,68491,880
37North Carolina9,61110,20114,31217,568

1,120

1,6263,3703,81528,41333,210
38North Dakota845976386456

100

213766497391,9872,390
39Ohio (g)12,31513,0308,89910,752

1,799

1,9962,9702,98625,98328,764
40Oklahoma2,8893,3343,1223,573

253

6641822181,3501,8627,7969,651
41Oregon9,74212,458

681

1,53968288911,10514,886
42Pennsylvania (h)12,80113,91415,76918,126

3,777

5,3232843089,90610,46342,53748,134
44Rhode Island1,3051,5111,5491,999

179

2883763891,0011,0214,4105,208
45South Carolina3,4184,4025,0646,828

466

1,1299731,2959,92113,654
46South Dakota1,1831,3851391725365981,8582,155
47Tennessee (i)9,66712,00436

2,571

4,2913963984,0574,37816,69421,077
48Texas31,31038,6601,5351,77425,60035,04158,44575,475
49Utah2,5803,0985,1146,772

438

9375687108,70011,517
50Vermont9621,268

121

2237658651,8482,356
51Virginia (j)3,9924,55815,99120,410

1,272

1,9791,6441,98822,89928,935
53Washington (k)13,34814,88913,98114,90427,32929,793
54West Virginia1,4741,6552,0412,503

160

3669041,3634,5795,887
55Wisconsin6,6406,9788,6819,214

1,910

2,9601,3411,39618,57220,548
56Wyoming5615135766031,1371,116

Source:

National Association of State Budget Officers, Fall 2022 Fiscal Survey of States.

Notes:

Unless otherwise noted, original estimates reflect the figures used when the fiscal 2021 budget was adopted.

Key:

* Denotes states that recognized some revenue (primarily from income taxes) in fiscal 2021 instead of fiscal 2020 due to the shift in the tax filing deadline from April 15, 2020 to July 15, 2020.
N/A Indicates data are not available.

Footnotes:

(a)

The Corporate Income Revenue in preliminary actual fiscal 2022 includes the pass-through entity (PTE) elective tax, which began in 2021-22 and allows taxpayers to pay a tax at the entity level and receive an equivalent credit against their personal income tax liability. 

(b)

FY 2022 Adopted Estimates: “All Other General Fund Revenue” and the “Total GF Revenue” include Federal Grant revenue of $1,851.9 million. Without accounting for Federal Grant Revenue, “All Other General Fund Revenue” would equate to $2,784.8 million and “Total GF Revenue” would equate to $19,169.4 million. Federal Grants figures do not include any Coronavirus Relief Fund dollars or Coronavirus State and Local Fiscal Recovery Fund dollars.

FY 2022 Preliminary Actual: “All Other General Fund Revenue” and the “Total GF Revenue” include Federal Grant revenue of $1,936.0 million. Without accounting for Federal Grant Revenue, “All Other General Fund Revenue” would equate to $1,139.2 million and “Total GF Revenue” would equate to $20,059.8 million. Federal Grants figures do not include any Coronavirus Relief Fund dollars or Coronavirus State and Local Fiscal Recovery Fund dollars.

(c)

Amounts are limited to state revenues from taxes, licensees and fees while total revenues in Tables 3-5 also include state revenues from various reimbursements, reversions, transfers and settlement agreements.  

(d)

Estimates used when budget was adopted for FY 2022 uses the Legislative Adjustment Memo which adjusts the April 20, 2022 Consensus Revenue Estimate with all legislation enacted after that date.   

(e)

The State of Maryland revenue forecast for FY 2022 includes -$80 million for revenue volatility, and the FY 2023 forecast includes -$100 million for revenue volatility. It would be more accurate to show this figure on its own row, but without that, we have incorporated that amount into “All Other Revenues.” 

(f)

Revenue figures here exclude federal COVID-19 aid deposited into the general fund. 

(g)

Corporate Income Tax: Ohio doesn’t have a corporate income tax and instead has a commercial activities tax (CAT). 

(h)

All Other General Fund Revenue for FY 2022 includes federal ARPA SLFRF revenue replacement funds ($3,841 million).

(i)

Fiscal 2022 represent preliminary actual collections as of July 2022. 

(j)

Revenue information excludes transfers. 

(k)

Total revenue figures reported here are before transfers and other adjustments.