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Data & Analysis

State Government Finances - June 2010

Alabama's tax revenue collections continued to decline in May; total revenues were 2.7 percent below year-earlier levels.

Alabama Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 733.50 –2.68
Apr 10 699.02 –6.10
May 09 735.67 –9.88

 

In May Florida revenues were up 3.7 percent, posting a second monthly year-over-year gain. Florida continued to be the only state in the region with positive year-over-year tax revenue growth.

Florida Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 2,196.80 3.68
Apr 10 2,168.79 1.72
May 09 2,118.78 –16.36

 

Georgia continued to post small year-over-year revenue declines in May.

Georgia Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 1,173.40 –3.24
Apr 10 968.68 –3.66
May 09 1,212.67 –17.10

 

Louisiana continued to have the largest year-over-year revenue declines of any Sixth District state; it is the only state in the region that seems to have not hit a bottom in revenue declines.

Louisiana Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 452.30 –32.70
Apr 10 454.30 –20.80
May 09 671.70 –16.61

In May, Mississippi tax revenues posted a slightly smaller decline compared with April, dropping 10.9 percent from a year earlier.

Mississippi Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 538.60 –10.89
Apr 10 521.89 –12.34
May 09 604.41 2.69

 

Tennessee posted the smallest year-over-year loss in total revenues among the Sixth District states, declining only 0.03 percent.

Tennessee Total Tax Revenues
Total revenue
(3mma, $mil)
Y/Y %
change
May 10 928.90 –0.03
Apr 10 886.16 –0.20
May 09 929.20 –10.40

 


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