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Data & Analysis

State Government Finances - June 2008

Data Sources on the Web
Alabama Department of Revenue
Florida Department of Revenue
Georgia Department of Revenue
Louisiana Department of Revenue
Mississippi State Tax Commission
Tennessee Department of Revenue
 
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Total Tax Revenues—Alabama
Chart of Total Tax Revenue - Alabama
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Source: Alabama Department of Revenue

Excel logoData
Total Tax Revenues—Florida
Chart of Total Tax Revenue - Florida
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Source: Florida Department of Revenue

Excel logoData
Total Tax Revenues—Georgia
Chart of Total Tax Revenue - Georgia
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Source: Georgia Department of Revenue

Excel logoData
Total Tax Revenues—Louisiana
Chart of Total Tax Revenue - Louisiana
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Source: Louisiana Department of Revenue

Excel logoData
Total Tax Revenues—Mississippi
Chart of Total Tax Revenue - Mississippi
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Source: Mississippi State Tax Commission

Excel logoData
Total Tax Revenues—Tennessee
Chart of Total Tax Revenue - Tennessee
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Source: Tennessee Department of Revenue
Data and Analysis

State Government Finances

June 2008

Alabama
Florida
Georgia
Louisiana
Mississippi
Tennessee

Alabama
Alabama's total tax revenue collections increased 3.8 percent in May (on a three-month moving average basis) from a year earlier. But this increase was slowdown from the year-over-year 9.6 percent increase in April 2008. According to recent estimates from the state's Center on Budget and Policy Priorities, state revenues this year will fall short of the amount needed to support budgeted state services.

Florida
According to data from the Florida Department of Revenue, total tax revenue collections in Florida during May remained weak. Total tax revenues declined 11.4 percent (on a three-month moving average basis) from a year earlier.

The governor approved the state's $66 billion budget in June for the fiscal year beginning July 1. The budget includes funding cuts for public schools, hospitals, nursing homes, and other social programs while increasing university tuition and fees for court filings and boat registrations.

Georgia
Total tax revenue collections in Georgia fell sharply in May from the previous month, declining 5.0 percent (on a three-month moving average basis) from a year earlier. Gov. Perdue noted in a June 9 press release, "These figures are not surprising given April's sharp rise in collections due to processing improvements made by the Department of Revenue."

Louisiana
Total tax revenue collections in Louisiana in May increased 0.5 percent (on a three-month moving average basis) from a year earlier, significantly lower than the 7 percent increase in April 2008. The state senate approved a $30 billion state budget for the fiscal year beginning July 1. The budget bill is 13 percent below current-year levels mainly because of the ebbing federal hurricane relief dollars. State general fund spending is slated to grow by $1 billion, an increase of 12.4 percent.

Mississippi
Total tax revenue collections in Mississippi in May increased 7.5 percent (on a three-month moving average basis). Casino revenue in the state decreased 1.3 percent in May from a year earlier to $236.8 million, up $28 million from April and down $3 million from a year earlier.

Tennessee
Total tax revenue collections in Tennessee increased by 0.5 percent in May (on a three-month moving average basis) from a year earlier. State lawmakers approved a $27 billion budget for the fiscal year beginning July 1. Budget cuts will be focused in three major areas: higher education, the state's workforce, and TennCare (the state's Medicaid program).


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