,State Tax Revenue Show Record Drop, For Second Consecutive Quarter: Fiscal 2009 Also Brought Record Overall Decline of 8.2 Percent, or $63 Billion

State Tax Revenue Show Record Drop, For Second Consecutive Quarter: Fiscal 2009 Also Brought Record Overall Decline of 8.2 Percent, or $63 Billion


 

Publication Date: October 2009

Publisher: The Nelson A. Rockefeller Institute of Government

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

Research Area: Government

Keywords: Tax Revenues; Recession

Type: Report

Coverage: United States

Abstract:

State tax collections for the second quarter of 2009 dropped 16.6 percent, marking the second consecutive quarter for record-breaking declines, according to this Institute report. All but one state (Vermont) saw total revenue fall. Thirty-six states reported double-digit decreases