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State Revenues Decline for First Time Since the Great Recession, With the Worst Still to Come

State Revenues Decline for First Time Since the Great Recession, With the Worst Still to Come The majority of states have closed out fiscal 2020 and, as expected, most states experienced a decline in general fund revenues, both compared to prior-year (fiscal 2019) collections and to pre...


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April Tax Collections Plummet from Tax Deadline Shifts and Fallout of COVID-19

As expected, April tax collections fell sharply with many states experiencing year-over-year declines of at least 50 percent, as highlighted in the below state-by-state press articles. The precipitous drops were brought on by a combination of states shifting their tax deadlines to July 15, and...


Blog Entry
April State Income Tax Collections have Mostly Recovered from Declines in December and January

Updated June 4, 2019 States are reporting higher than expected income tax revenues in the month of April . The significantly higher April income tax revenues, for the most part, are making up for the substantially lower income tax revenues collected in December and January. Through November,...


Blog Entry
States Face a Number of Issues When Legalizing Marijuana

Overview Over the past several years, the number of states legalizing marijuana has quickly grown across the United States. According to the National Conference of State Legislatures (NCSL), a total of 34 states and the District of Columbia have established medical marijuana programs, while...