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Revenue Now Growing in Most States; Sales Tax Gains 5.7 Percent in 2nd Quarter

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Publication Date: October 2010

Publisher(s): The Nelson A. Rockefeller Institute of Government

Author(s): Lucy Dadayan; Donald J. Boyd

Series:

Special Collection:

Topic: Banking and finance (Taxation and tax policy)
Government (State or regional government)

Keywords: Tax Revenue; Sales Tax; Local Taxes

Type: Report

Coverage: United States

Abstract:

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.