State Revenue Estimates

Stay up to date with email updates

In Iowa, the Revenue Estimating Conference meets in October, on or before December 15, and in March to project the amount of tax revenue collected by the state. Accuracy is important because the December revenue estimate is used by both the Governor and legislature to create the state budget. If the March estimate is lower than the December estimate, mid-year budget adjustments must occur.

Projected vs. Actual State Tax Collections in 2016

 

StatePercentRank
Iowa97.736
New Hampshire110.71
Tennessee107.72
Kentucky106.23
Hawaii104.34
Maine104.25
Arizona104.06
Vermont102.97
South Carolina102.78
Georgia102.69
Washington102.410
North Carolina102.011
Louisiana101.912
California101.813
Oregon101.714
Alabama101.015
Idaho101.015
Missouri100.917
Illinois100.818
Arkansas100.319
Minnesota100.220
Utah100.220
Rhode Island100.122
Florida99.823
Massachusetts99.324
New York99.324
Pennsylvania99.126
South Dakota99.126
Wisconsin99.028
Delaware98.629
Indiana98.629
Ohio98.629
Maryland98.232
Michigan98.133
Nevada98.133
Kansas98.035
Virginia97.337
Colorado97.238
New Jersey97.139
Texas96.540
Connecticut95.941
Mississippi95.941
Nebraska95.643
West Virginia94.444
Oklahoma94.245
Montana92.646
New Mexico90.347
North Dakota71.249
Alaska40.050

Source: CQ Press using data from National Association of State Budget Officers

This table compares sales, personal, and corporate income tax collections projected in adopting budgets for the amount collected.  For the fiscal year 2016.