Alaska experienced the highest volatility in tax revenue of any U.S. state over the 20-year period from FY 2000 to FY 2019, with yearly changes showing a standard deviation from the mean of 36.9 percent (once changes due to tax policy are removed). This is likely due to the role that fluctuations in energy prices have on tax revenue in this resource-rich state.
Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019
* The source calculated the tax revenue volatility score by determining the standard deviation of yearly percent changes in tax revenue, less the effect on tax revenue from tax policy changes.
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Pew Charitable Trusts. (October 13, 2020). Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/
Pew Charitable Trusts. "Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019." Chart. October 13, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/
Pew Charitable Trusts. (2020). Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/
Pew Charitable Trusts. "Ranking of States' Tax Revenue Volatility in The United States between Fy 2000 and Fy 2019." Statista, Statista Inc., 13 Oct 2020, https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/
Pew Charitable Trusts, Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019 Statista, https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/ (last visited November 21, 2024)
Ranking of states' tax revenue volatility in the United States between FY 2000 and FY 2019 [Graph], Pew Charitable Trusts, October 13, 2020. [Online]. Available: https://www.statista.com/statistics/1105662/us-states-tax-revenue-volatility/
