Maybe it’s spring … or perhaps it’s an improved economy. Regardless what the reason is, state officials are optimistic about future tax revenues based on increased collections.

However, according to an article on Stateline.org, additional revenues probably won’t save an already damaged fiscal year for most states:

“With two months left in the current fiscal year for most states, the improvement in revenue comes too late to forestall a third straight year of cutting spending and raising taxes and fees. States face two or more years of gradual recovery because tax collections plunged more than 18 percent during the recession.”

Although it was recently reported that California experienced a loss in revenues, the forecast for most states is sunny. In Oklahoma, for example, Treasurer Scott Meacham said, “Based on the revenue trends we’re seeing now, Oklahoma’s economy is on the mend.” The state’s tax collection forecasts for February exceeded figures from the same month the previous year for the first time since December 2008.

The article includes most state revenue totals, including a state-by-state total for fourth quarter 2009.