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State Revenue Report # 74: State Tax Revenue Falling Sharply in Fourth Quarter, Early Data Show

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Publication Date: January 2009

Publisher(s): Nelson A. Rockefeller Institute of Government

Author(s): Lucy Dadayan; Donald J. Boyd

Topic: Banking and finance (Taxation and tax policy)
Economics (Economic conditions)
Government (State or regional government)

Keywords: State Tax Revenue; State Tax Collections

Type: Report

Coverage: United States

Abstract:

Fiscal conditions in the states worsened dramatically in the last quarter of 2008, according to preliminary data analyzed by the Rockefeller Institute of Government. Total tax collections during the quarter declined more than 4 percent from the previous year, based on available data. The forecast for early 2009 looks similarly bleak.