March Revenue Declines

March Revenue Declines

Last month, major taxes and net lottery revenue declined 24.7% from the prior year, coming in at $1.6 billion. Additionally, collections were roughly $169.6 million below prior projections from the consensus revenue estimating conference held earlier this year. Key...
March Revenue Declines

February Revenue Declines

Major tax and net lottery revenue declined in February 2024 by 23.8% from February 2023. Additionally, last month’s collections were $152.1 million below prior projections made at the biannual Consensus Revenue Estimating Conference in January. Key Points: General...
Monthly Revenue Increases Year-Over-Year

Monthly Revenue Increases Year-Over-Year

The Senate Fiscal Agency released the January 2023 revenue report, which showed last month’s tax and lottery revenue totaled $3.2 billion, an increase of 8.8% from the prior year. Key Points: Tax revenue was $42.1 million below the projected amount, due to...
State Revenue Estimates Revised Up

State Revenue Estimates Revised Up

Today, the directors of the House and Senate Fiscal Agencies came together with State Treasurer Rachael Eubanks and State Budget Director Jen Flood to reach a consensus for projected state revenue for the upcoming fiscal year. At the biannual Consensus Revenue...
Fiscal Year Revenue Declines

Fiscal Year Revenue Declines

The House Fiscal Agency released its latest monthly revenue report, outlining the collections for the month. Additionally, as October marked the end of the 2022-2023 Fiscal Year, the report laid out the collections for the fiscal year and how they lined up to the...