Data Alert: New Retail Sales Data Portend Continuing Weakness for State Tax Collections

Publication Date: July 2010

Publisher: The Nelson A Rockefeller Institute of Government

Author(s): Donald J. Boyd

Research Area: Banking and finance; Economics

Keywords: Tax Collections; State Revenues; Retail Sales; State Fiscal Issues

Type: Report


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.