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(s): The Nelson A. Rockefeller Institute of Government
Keywords: State Tax Revenues; Recession; State Tax Collections; Personal income tax
Coverage: United States
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.