State Tax Revenues Rebound Further, Growing For Third Straight Quarter

Source: Lucy Dadayan and Donald Boyd, Nelson A. Rockefeller Institute of Government, State Revenue Flash Report, November 30, 2010

States’ tax revenues rose for a third consecutive quarter, continuing the reversal of a downward trend that has devastated state budgets, according to preliminary data in a new report from the Rockefeller Institute of Government. States’ overall tax collections increased by 3.9 percent nationwide in the third quarter of 2010, compared to the same period a year earlier, based on data from 48 states. Despite the improved collections in July-September 2010, however, revenues remain significantly below peak levels and are still weak in a number of states, the report shows.
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