State Revenues Plummet July-September Revenue Numbers Are Worst in Years

Source: Nicholas Johnson and Andrew Nicholas, Center on Budget and Policy Priorities, November 12, 2008

From the summary:
Newly available data compiled by the Rockefeller Institute of Government show conclusively that state revenue dropped sharply in the July-September 2008 quarter, creating large, additional state budget shortfalls. All indications are that revenue collections will worsen further in coming months.

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