Data & Analysis

State Government Finances - October 2008

Total tax revenue collections in September increased 2.2 percent in Alabama and 4.8 percent in Mississippi (on a three-month moving average basis) from a year earlier. Collections declined 12.8 percent in Florida, 2.8 percent in Georgia, 1.0 percent in Louisiana, and 4.8 percent in Tennessee from a year earlier. According to recent reports, Florida and Georgia face midyear FY 2009 budget gaps of $1.7 billion and $1.6 billion, respectively. Georgia's gap before the FY 2009 budget was adopted was at $245 million, bringing the current gap to $1.8 billion, or 8.7 percent of the FY 2009 general fund. Florida's gap before the FY 2009 budget was adopted was at $3.4 billion, bringing the current gap to $5.1 billion, or 19.9 percent of the FY 2009 general fund.

Alabama Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 688.8 2.2 Aug 2008 680.9 1.7 Sept 2007 673.8 2.9		Source: Alabama Department of Revenue Enlarge | Data

Florida Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 2,141.6 –12.8 Aug 2008 2,269.4 –12.9 Sept 2007 2,457.3 –6.8		Source: Florida Department of Revenue Enlarge | Data

Georgia Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 1,365.2 –2.8 Aug 2008 1,360.7 –5.8 Sept 2007 1,405.1 5.0		Source: Georgia Department of Revenue Enlarge | Data

Louisiana Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 718.0 –1.0 Aug 2008 714.6 –4.5 Sept 2007 725.3 9.7		Source: Louisiana Department of Revenue Enlarge | Data

Mississippi Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 524.6 4.8 Aug 2008 584.7 6.9 Sept 2007 500.4 4.3		Source: Mississippi State Tax Commission Enlarge | Data

Tennessee Total Tax Revenues
Total revenue (3mma, $mil) Y/Y % change Sept 2008 867.5 –4.8 Aug 2008 939.4 –2.2 Sept 2007 910.8 5.9		Source: Tennessee Department of Revenue Enlarge | Data

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