Policy Analysis | January 2016

What are the projections for personal income and sales tax revenues in SLC member states?

State Revenue Forecasts for FY 2015 versus FY 2016 (in millions $USD)

(click on headers to sort by column)

State Personal Income Taxes: FY 2014 (Actual) Personal Income Taxes: FY 2015 (Forecast) Personal Income Taxes: FY 2016 (Forecast) Percent Change FY 2015-16 Sales Taxes: FY 2014 (Actual) Sales Taxes: FY 2015 (Forecast) Sales Taxes: FY 2016 (Forecast) Percent Change FY 2015-16
Alabama 3,480.20 3,649.00 3,746.00 2.7 1,849.10 1,930.00 1,777.00 -7.9
Arkansas 2,602.20 2,596.40 2,660.70 2.5 2,173.10 2,212.70 2,273.00 2.7
Florida N/A N/A N/A N/A 19,707.70 21,062.70 21,957.00 4.2
Georgia 8,965.60 9,364.40 9,839.00 5.1 5,125.50 5,340.20 5,593.60 4.7
Kentucky 3,749.30 4,069.50 4,258.00 4.6 3,131.10 3,267.30 3,422.00 4.7
Louisiana 2,750.60 2,869.40 3,012.90 5.0 2,620.10 2,731.80 2,935.10 7.4
Mississippi 1,666.80 1,749.20 1,813.90 3.7 2,201.40 2,300.00 2,367.80 2.9
Missouri 6,352.50 6,731.00 7,058.20 4.9 1,969.40 2,034.00 2,077.00 2.1
North Carolina 10,272.40 10,471.00 10,859.30 3.7 5,566.50 6,390.00 6,715.80 5.1
Oklahoma 2,028.00 2,213.60 2,005.70 -9.4 2,156.10 2,270.10 2,317.00 2.1
South Carolina 3,422.60 3,612.30 3,777.20 4.6 2,504.90 2,636.90 2,751.20 4.3
Tennessee 239.3 251.3 269.1 7.1 7,286.20 7,612.10 7,878.20 3.5
Texas N/A N/A N/A N/A 27,274.10 28,787.40 29,143.70 1.2
Virginia 11,253.30 11,645.30 12,036.10 3.4 3,066.50 3,197.80 3,292.00 2.9
West Virginia 1,664.10 1,809.60 1,860.50 2.8 1,173.10 1,253.50 1,281.30 2.2
United States 317,333.70 334,686.10 344,436.50 2.9 229,746.90 241,642.60 252,061.10 4.3

Source: Individual state data, analysis by the Rockefeller Institute.