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State Tax Revenue Show Record Drop, For Second Consecutive Quarter: Fiscal 2009 Also Brought Record Overall Decline of 8.2 Percent, or $63 Billion
Publication Date: October 2009
Publisher(s): The Nelson A. Rockefeller Institute of Government
Author(s): Donald J. Boyd; Lucy Dadayan
Series: State Revenue Report # 77
Topic: Government (Central or federal government)
Government (State or regional government)
Keywords: Tax Revenues; Recession
Type: Report
Coverage: United States
Abstract:
State tax collections for the second quarter of 2009 dropped 16.6 percent, marking the second consecutive quarter for record-breaking declines, according to this Institute report. All but one state (Vermont) saw total revenue fall. Thirty-six states reported double-digit decreases