Table 7.5

Comparison of General Fund Revenue Collections in Fiscal 2020, Fiscal 2021 and Enacted Fiscal 2022 (In millions of dollars)


  Sales Tax Personal Income Tax Corporate Income Tax Gaming/Lottery Revenue All Other Revenue Total
FIPS State or other
jurisdiction
Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2020 Fiscal 2021 Fiscal 2022
Total$267,483$291,842$294,062$397,625

$463,013

$447,732$56,897$80,711$67,114$8,340$9,505$9,329$144,514$164,429$155,077$874,861$1,009,511$973,323
01Alabama2,8423,2233,0354,168

4,739

4,2354897715420002,2402,3122,2169,73911,04510,028
02Alaska00000010255102221,4851,5151,6501,5891,5721,662
04Arizona*5,3926,2456,3804,531

6,517

5,05451284764510410516443234734510,97114,06112,588
05Arkansas* (a)2,5442,8842,8153,419

3,969

3,1904826524793440334895764786,9688,1216,995
06California (a)25,50927,93628,98699,599

125,151

123,29813,95420,72018,1064105,3106,5636,811144,376180,371177,201
08Colorado3,4073,6343,6778,645

9,483

9,1037281,18480300088(60)27412,86814,24113,857
09Connecticut4,3184,7934,2759,398

10,340

10,3619341,1531,1165046396334,0393,6064,63719,19320,53121,022
10Delaware*0001,472

1,888

1,7881172101451772162202,7603,0772,9674,5265,3915,120
12Florida24,59127,15927,1350002,4743,3962,8760004,3015,7264,85431,36636,28134,865
13Georgia6,1746,9486,64912,408

14,221

12,7391,2331,7518810005,6635,6725,51525,47828,59225,784
15Hawaii*3,4303,0553,7482,359

3,355

2,49881861490002,4882,4071,5488,2859,0037,943
16Idaho (a)1,6892,0041,8661,905

2,446

2,0892433492610001942101874,0315,0094,403
17Illinois*8,2559,3689,25518,471

22,525

20,7922,0813,5633,2938257778378,4288,6198,20938,06044,85242,386
18Indiana*8,0429,0739,0745,272

7,532

6,7116911,3858842984984221,3381,2591,23815,64119,74718,329
19Iowa3,1763,5123,3994,652

5,435

5,0516499847438110190(627)(1,231)(994)7,9318,8018,289
20Kansas*2,8323,1263,1323,338

4,590

3,6893846522830003464984596,9008,8667,563
21Kentucky4,0714,5614,3364,765

5,144

5,0046398834692712892921,8201,9511,74911,56612,82811,850
22Louisiana3,6973,8403,8283,780

3,654

3,7935785505003553823631,4191,3841,4049,8299,8109,888
23Maine1,6141,8561,8571,836

2,070

1,8452162842207371602302401983,9694,5214,180
24Maryland (a)4,6354,9884,99710,699

11,705

11,6631,0521,4621,2525496325961,7002,0451,77418,63520,83220,282
25Massachusetts4,8165,4705,55217,361

19,593

19,9412,5233,5903,4371,2271,3331,4278,5948,7338,90834,52138,71939,265
26Michigan1,5852,0252,0336,870

6,794

7,2894047576050001,5231,2111,31710,38210,78711,244
27Minnesota5,7465,8336,23412,094

12,570

12,8191,5801,7311,4781491711773,3253,5933,40922,89423,89824,117
28Mississippi*2,4962,6532,6291,820

2,226

1,8845498454901161581258378587995,8186,7405,927
29Missouri*2,2482,3572,2545,984

7,789

6,7453236784120003784163748,93311,2409,785
30Montana5856591,435

1,765

1,5491872671596687767877898002,5332,9642,643
31Nebraska*1,8482,0101,9932,446

3,131

2,3143915713500002552482234,9405,9604,880
32Nevada1,2641,3811,3550000006237137392,1902,3812,3314,0774,4754,425
33New Hampshire0000004106326040001,1151,2121,0571,5251,8441,661
34New Jersey10,59712,10412,22216,254

17,518

16,8814,0954,9454,0930006,75513,5738,66437,70148,14041,860
35New Mexico (a)3,0062,8542,6621,692

1,765

1,59263132424619643,3763,1293,1128,1837,8997,472
36New York (a)13,62611,15514,78250,508

44,034

53,2726,3706,4206,9861410148,68912,6937,63079,20774,31282,684
37North Carolina*7,8219,0249,61112,415

15,823

14,3126581,5521,1200003,0463,3013,37023,94029,70028,413
38North Dakota*971853845352

466

38692147100162576673796492,0981,8701,987
39Ohio*10,68612,19112,3157,881

10,201

8,8991,6721,6671,7990002,7852,7602,97023,02426,81925,983
40Oklahoma*2,6753,3182,8892,863

2,950

2,6392895622531451831821,0851,2661,5597,0578,2797,522
41Oregon*0007,192

12,815

9,7424881,4796810006391,0426828,31915,33611,105
42Pennsylvania* (a)10,81812,83512,80112,835

16,283

15,7692,8274,4243,7771432422845,6536,6089,90532,27640,39242,536
44Rhode Island1,1671,3421,3051,406

1,616

1,5491492031792842983761,0589731,0014,0644,4324,410
45South Carolina (a)3,2873,8263,4194,454

4,838

4,4583746234220001,0641,1739739,17910,4609,272
46South Dakota1,0731,2231,1830000001231561395045715361,7001,9501,858
47Tennessee (a)8,98210,3809,66796

54

32,6103,1792,5713923983964,1154,1154,05716,19518,12616,694
48Texas (a)30,80032,25431,3100000001,6561,8851,53524,52826,36725,60056,98460,50658,445
49Utah* (a)2,2652,6252,5803,985

6,111

5,1143567434380006385895687,24410,0688,700
50Vermont*000926

1,070

9621481331210005469547651,6202,1571,848
51Virginia (a)3,7074,1663,99215,352

17,304

15,9911,0121,5161,2720001,6681,8931,64421,73924,87922,899
53Washington (a)12,01513,34213,34800000000011,60614,19813,98123,62127,54027,329
54West Virginia*1,3871,5371,4741,948

2,254

2,0411523201606275758898018194,4384,9874,569
55Wisconsin5,8366,3746,6408,742

9,283

8,6811,6082,5601,9100001,3461,3561,34117,53219,57318,572
56Wyoming4874524650000000007095325181,196984983

Source:

National Association of State Budget Officers, Fall 2021 Fiscal Survey of States.

Notes:

Unless otherwise noted, fiscal 2020 figures reflect actual tax collections, fiscal 2021 figures reflect preliminary actual tax collections, and fiscal 2022 figures reflect the estimates based on enacted budgets.

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)

Arkansas — Revenue amounts are reported as “gross” (before refunds and special dedications/payments).

California — Excludes cost recoveries from wildfires and COVID-19, as well as transfers and loans.
Fiscal 2020 does not include $4.7 billion in revenue transfers and loans from the General Fund or $707 million in cost recoveries from wildfires.
Fiscal 2021 estimate adopted in the 2020 Budget Act does not include $12.3 billion in expected revenue transfers and loans to the General fund or $5.7 billion in cost recoveries from COVID-19 and wildfires.
Fiscal 2021 does not include $7.8 billion in revenue transfers and loans to the General Fund or $570 million in cost recoveries from COVID-19 and wildfires.
Fiscal 2022 does not include $6.3 billion in revenue transfers and loans from the General Fund or $4.4 billion in cost recoveries from COVID-19 and wildfires.

Idaho — Preliminary actual figures for fiscal 2021 represent final revenue figures calculated by Economic Bureau after year-end close of June 30, 2021.

Maryland — The State of Maryland revenue forecast for FY 2022 includes -$80 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.”

New Mexico — Preliminary Actual FY21: The figures are based on 11 months’ worth of accrual data for FY21. Excludes infusion of $750 million from the Coronavirus Relief Fund for FY21 expenditures. The projection for FY22 was based on the revenue projection estimated during February 2021; the figures did not anticipate the strong growth in other state tax revenue between February 2021 to June 2021.

New York — In FY 2021 revenues reflect $4.5 billion in PIT note sales executed in the first quarter of FY 2021, as well as the subsequent repayment within FY 2021. The borrowings were done to address liquidity needs in response to the Federal government’s decision to extend the calendar year 2019 income tax filing from April 15, 2020 to July 15, 2020. The FY 2021 Enacted Budget authorized up to $8 billion of short-term borrowing in the form of personal income tax revenue or bond anticipation notes and up to $3 billion of credit facilities in the form of a line of credit at one or more banks. In FY 2021, the note proceeds increase miscellaneous receipts by $4.5 billion, while the repayment results in a reduction of PIT receipts of $4.5 billion, resulting in no impact to total revenue estimates.

Pennsylvania — Fiscal 2022 revenue estimates reported here include $3.841 billion in State and Local Fiscal Recovery Funds deposit into the General Fund for revenue loss. This is excluded from revenue figure in Table 5.

South Carolina — FY 2022 revenues currently running significantly ahead of estimates. The BEA meets in November to consider any changes to forecast.

Tennessee — Preliminary Actual Fiscal 2021 revenues are as of August 13, 2021. Sales tax, personal income tax, and corporate income tax are shared with local governments. Corporate income tax includes franchise tax. Tennessee’s personal income tax is assessed on dividend and interest income. Legislation was passed in 2017 to annually reduce this tax to zero by fiscal year 2022.

Texas —Preliminary actual fiscal 2021 figures reflect totals from Texas Comptroller of Public Accounts (CPA) on 9/1/2021.

Utah — The preliminary actual fiscal 2021 revenue data provided is the pre-closeout actuals as of September 2021.

Virginia — Revenue information excludes transfers.

Washington — Total revenues reflect total available general fund revenues, after transfers.