,State Revenue Report # 74: State Tax Revenue Falling Sharply in Fourth Quarter, Early Data Show

State Revenue Report # 74: State Tax Revenue Falling Sharply in Fourth Quarter, Early Data Show


 

Publication Date: January 2009

Publisher: Nelson A. Rockefeller Institute of Government

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

Research Area: Banking and finance; Economics; Government

Keywords: State Tax Revenue; State Tax Collections

Type: Report

Coverage: United States

Abstract:

Fiscal conditions in the states worsened dramatically in the last quarter of 2008, according to preliminary data analyzed by the Rockefeller Institute of Government. Total tax collections during the quarter declined more than 4 percent from the previous year, based on available data. The forecast for early 2009 looks similarly bleak.