Tax & Budgets
Revenue Forecasts Improve, but Uncertainty Remains for Many States
January 14, 2021 | Morgan Scarboro
State revenue forecasts were dire at the beginning of the COVID-19 pandemic, but states have shown surprising resilience, and most states now have significantly improved revenue outlooks. There is still, however, significant variability between states, in part due to how hard COVID affected their economy and how their tax system is structured. Still, by our count, at least 17 states will likely have stable revenue forecasts for FY 21.