In an effort to gather information on the impact of COVID-19 on state revenues, NCSL surveyed state legislative fiscal offices for their latest revenue estimates.
This Power BI visualization includes general fund revenue data across the states for fiscal years 2019 through 2021, based on the most recent estimates. There are four states with two fund accounts listed. Those additional accounts include funds that are general funds in most states. This information does not include earmarked funds or other state special funds, which have also been impacted by the pandemic. The data include the amount states anticipated for FY 2020 when we surveyed legislative fiscal offices in summer 2019, as well as data from a spot survey we conducted in July 2020, for FY 2019, FY 2020 (adjusted estimates) and FY 2021 (projected) revenues. Many of the FY 2021 revised estimates are from early in the pandemic and will be revised later this summer after final tax payments in mid-July are known.
Some things to note about the data:
- There are a few gaps where data were not available or reported, so we have not provided revenue totals.
- The delayed tax filing deadline has complicated state revenue estimating and collection information.
- Because the pandemic is ongoing, its full effect on state revenues is not yet known. States anticipate that revenue declines will deepen beyond current estimates if the pandemic continues into the remainder of the current calendar year.
- Use caution when comparing data; there are budgeting nuances in each state. Additionally, there are some reporting differences. For example, some states included transfers from other state funds into the general fund; others excluded transfers.
- Many states included extensive notes with the July survey that are important to understanding individual state data.
- All reported funds are in millions.