Coronavirus (COVID-19): Revised State Revenue Projections

9/10/2020

State revenue assumptions vary by state. Please use caution in making comparisons. States in gray or not listed does not necessarily mean they are not experiencing declines. It may mean they have not revised their forecast or we are not aware of a revised forecast. For more details see reports in the chart below.

Last update: Sept. 3, 2020.

The above map represents revised state FY 2021 revenue declines. The chart below provides for more details on revised state revenue declines as a result of the Coronavirus pandemic.

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COVID-19 Revised State Revenue Declines
Percent of Pre-COVID Projections Fiscal Year
State	FY 2020	FY 2021	Date	Source
Alabama
Alaska	11%	15%	April 22	Legislative Finance Division
Arizona	8%	7%	June 19	Joint Legislative Budget Committee
Arkansas	2%	3%	July 2	Department of Finance and Administration
California		16-21%	May 9	Legislative Analyst Office
Colorado	5%	20%	June 19	Legislative Council
Connecticut	2%	13%	August 17	Office of Policy and Management
Delaware		6%	June 17	Economic and Financial Advisory Council
D.C.	9%	9%	April 24	Office of the Chief Financial Officer
Florida	6%	10%	August 14	Revenue Estimating Conference
Georgia
Hawaii	7%	12%		Council on Reserves
Idaho		1%	August 1	Division of Financial Management
Illinois	6%	12%	May 20	Commission on Government Forecasting and Accountability
Indiana	8%	12%	June 30	State Budget Agency
Iowa	2%	4%	May 29	Revenue Estimating Conference
Kansas	11%	6%	April 30	Office of Consensus Revenue Estimates
Kentucky	4%	11-17%	May 27	Office of the State Budget Director
Louisiana	3%	10%	May 11	Revenue Estimating Conference
Maine	1%	13%	August 1	Revenue Forecasting Committee
Maryland	5-6%	11-14%	May 14	Office of the Comptroller
Massachusetts
Michigan	13%	12%	May 15	Consensus Revenue Agreement
Minnesota		7%	May 5	Management and Budget
Mississippi
Missouri
Montana	2%	13%	June 23	Legislative Fiscal Division
Nebraska
Nevada	12%		June 10	Legislative Council Bureau
New Hampshire	5-8%	9-15%	June 1	House Ways and Mean Committee
New Jersey	7%	18%	May 13	Department of Treasury
New Mexico	5-6%	22-30%	June 10	Consensus Revenue Estimating Group
New York		13%	April 25	Department of Budget
North Carolina	7%	10%	May 22	The Fiscal Research Division and the Office of State Budget and Management
North Dakota
Ohio		9%	June 10	Office of Budget and Management
Oklahoma	7%	16%	April 30	Board of Equalization
Oregon		11%	May 20	Office of Economic Analysis
Pennsylvania	10%	3%	May 26	Independent Fiscal Office
Puerto Rico	8%	5%	June 11	Financial Oversight and Management Board
Rhode Island	5%	11%	May 18	Revenue Estimating Conference
South Carolina	5%	6%	May 8	Board of Economic Advisors
South Dakota
Tennessee
Texas		10%	July 20	Comptroller of Public Accounts
Utah	1%	9%	June 17	Office of the Legislative Fiscal Analyst
Vermont		11%	August 12	Joint Fiscal Office
Virginia	1%	6%	August 18	Secretary of Finance
Washington	15%		June 15	Economic and Revenue Forecast Council
West Virginia
Wisconsin	5%		July 9	Legislative Fiscal Bureau
Wyoming	9%	20%	May 26	Legislative Service Office

Coronavirus (COVID-19): Revised State Revenue Projections

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Revised State Fiscal Year 2021 Revenue Declines

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Coronavirus (COVID-19): Revised State Revenue Projections

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Revised State Fiscal Year 2021 Revenue Declines AL AK AZ AR CA CO CT DC DE FL GA HI IL IN IA KS KY LA ME MA MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VA WA WV WI WY VT ID PR AS GU MP VI

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Revised State Fiscal Year 2021 Revenue Declines