State tax revenues

New taxes passed in the final days of the state's legislative session shift more of the tax burden to technology companies like Amazon and Microsoft.

Expect rates to rise and audits to increase as cash-strapped states and localities feel the crunch.

Boston relies heavily on property tax revenue, making it particularly vulnerable to the nationwide slump in office demand.

If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.

Changes in rates and rules at every level require advisors to stay on their toes.

Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.  

The differing fortunes highlight the growing divisions between the largest Democrat- and Republican-led states as they compete for businesses and people to relocate.

State treasuries are attempting to stack the deck in their favor in order to remain in the black.

Balances in rainy-day funds hit all-time highs in 37 states by the end of the 2022 fiscal year. That's the biggest tally in over two decades.

State PTE taxes, Maryland's digital ads tax and tax rate reductions are at the forefront.

Most states will be able to absorb the impact on their revenue from tax cuts, even if they face a mild recession next year, but some could have trouble.

Half of U.S. states saw year-over-year drops in June, suggesting state revenues may continue to drop.

California drew in 11% less in personal income tax revenue than it expected so far this year.

More than half of U.S. states are using record budget surpluses to fund their biggest collective tax break in decades.

The government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue, according to credit assessor Fitch Ratings.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.

Giants like DraftKings and FanDuel are asking legislators to change the rules to lower their taxes after agreeing to them just last year.

The state had an average annual net out-migration of 28,700 part-year residents, or 0.3% of taxpayers, between 2015 and 2019.