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 State Revenues Continue to Grow Amid Fiscal Pressures : State Tax and Economic Review, 2025 Q4

    State and local tax revenues posted modest growth during the first half of fiscal year 2026. Overall, gains were driven by strong personal income tax collections concentrated in a few states with progressive tax structures and high reliance on high-income taxpayers, where growth was closely tied to strong stock market performance and elevated capital gains realizations. However, these gains masked a broader pattern of uneven and generally subdued revenue growth across states, with many states seeing little or no growth.

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