Revenue Now Growing in Most States; Sales Tax Gains 5.7 Percent in 2nd Quarter
Publication Date: October 2010
Publisher(s): The Nelson A. Rockefeller Institute of Government
Keywords: Tax Revenue; Sales Tax; Local Taxes
Coverage: United States
Most states reported tax revenue gains for the second quarter of 2010, compared to the year-ago period. Revenue growth totaled 2.3 percent, the second consecutive quarter of overall gains driven by legislated tax increases. Early data for later months suggest a fiscal recovery for states is underway — though it's not likely to come quickly.