Alabama's tax revenue collections continued to decline in May; total revenues were 2.7 percent below year-earlier levels.
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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.
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Georgia continued to post small year-over-year revenue declines in May.
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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.
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In May, Mississippi tax revenues posted a slightly smaller decline compared with April, dropping 10.9 percent from a year earlier.
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Tennessee posted the smallest year-over-year loss in total revenues among the Sixth District states, declining only 0.03 percent.
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