Abstract:In year-over-year terms, state tax revenues have been rising throughout 2010, reaching a high of 6.8 percent real growth in the fourth quarter. Given the dramatic impact of the recession on their budg...In year-over-year terms, state tax revenues have been rising throughout 2010, reaching a high of 6.8 percent real growth in the fourth quarter. Given the dramatic impact of the recession on their budgets, state governments will certainly welcome this positive news. This is especially the case as federal aid to states is set to dry up at the end of August. There is reason to be cautious when evaluating these data, however, because it is unclear where the surge in revenue is coming from.Read More
Publication Year: 2011
Publication Date: 2011-06-21
Language: en
Type: article
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