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State Revenue Flash Report: State Tax Revenue Declined Sharply in Fourth Quarter

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Publication Date: March 2009

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

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

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

Keywords: State Tax Revenue; Tax Collections

Type: Report

Coverage: United States


Last year ended badly for states, and the first part of 2009 looks to be even worse, according to the Rockefeller Institute's latest flash report on state revenues, released March 12. Three-quarters of states reporting saw tax collections drop at the end of 2008, compared to the same quarter of 2007. Overall, states' revenues fell 3.6 percent in the quarter.