Recession or No Recession, State Tax Revenues Remain Negative

Source: Lucy Dadayan and Donald J. Boyd, Nelson A. Rockefeller Institute of Government, no. 78, January 2010

From the press release:
Tax collections nationwide declined by 10.9 percent during the third quarter of 2009, the third consecutive quarter during which tax revenues fell by double-digit percentages, according to the latest report from the Rockefeller Institute of Government.

Combining current data with comparable historical figures from the U.S. Census Bureau, the Institute reported that the first three quarters of 2009 marked the largest decline in state tax collections at least since 1963.

Western states saw especially sharp declines in tax collections during the third quarter, while revenues fell by more modest levels in the Southeast, New England, Mid-Atlantic, and Plains regions.

Leave a Reply