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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

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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