The State and Local Finance Initiative regularly collects data from all 50 states to provide the most timely, accurate, and detailed insights into how state revenues are faring. We further analyze the economic factors driving state tax collections.

Access to the full datasets that inform the State Tax and Economic Review is available for purchase through the Data Subscription Service below. 

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    • Research Report Weak Revenue Growth, Rising Fiscal Uncertainty: State Tax and Economic Review, 2025 Q3

    State and local tax revenues grew modestly in real terms in early fiscal year 2026, with overall gains driven largely by personal income taxes and concentrated in a small number of states with progressive tax structures that benefited from strong financial market performance in 2025. Many other states experienced flat or modest growth after adjusting for inflation.

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