Old News Is Bad News - Third Quarter Brings More Decline in Tax Revenues
Publication Date: November 2009
Publisher(s): The Nelson A. Rockefeller Institute of Government
Keywords: Tax Revenues; State Revenues
Coverage: United States
States suffered from falling tax revenues again in the third quarter, compared to the previous year, according to preliminary data in this report. Tax collections fell 10.7 percent overall. It was the fourth consecutive drop for two major revenue sources -- personal income and sales tax. Further declines are also expected in the fourth quarter.