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Data Alert: New Retail Sales Data Portend Continuing Weakness for State Tax Collections
Publication Date: July 2010
Publisher(s): The Nelson A Rockefeller Institute of Government
Author(s): Donald J. Boyd
Series:
Topic: Banking and finance (Taxation and tax policy)
Economics (Consumers and consumption)
Keywords: Tax Collections; State Revenues; Retail Sales; State Fiscal Issues
Type: Report
Abstract:
Retail sales data for June continue a string of news that portends ongoing weakness in state tax collections. Retail sales are down for a second month in a row and remain more than 7 percent below their pre-recession peak after adjusting for inflation.