,State Tax Revenues Gained New Strength in Fourth Quarter: Every Quarter of 2010 Showed Growth, But Recession's Harsh Impact Will Linger

State Tax Revenues Gained New Strength in Fourth Quarter: Every Quarter of 2010 Showed Growth, But Recession's Harsh Impact Will Linger


 

Publication Date: February 2011

Publisher: The Nelson A. Rockefeller Institute of Government

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

Research Area: Government

Keywords: State Tax Revenues; Recession; State Tax Collections; Personal income tax

Type: Report

Coverage: United States

Abstract:

After the deepest recession since the Great Depression, most states are now on the gradual road to tax revenue recovery, according to this Rockefeller Institute report. Final third-quarter and early fourth-quarter data signal an upward trend. Yet several indicators suggest broad state fiscal conditions remain fragile.