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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: FJB who wrote (77240)1/7/2010 8:09:24 PM
From: Proud_Infidel2 Recommendations   of 224748
 
State Tax Revenue in U.S. Drops Most Since 1963, Study Says
businessweek.com ^ | 1/7/10 | Brian K. Sullivan

businessweek.com

U.S. state tax collections fell the most in 46 years in the first three quarters of 2009 as the recession shrank revenue from sources including personal income, the Nelson A. Rockefeller Institute of Government said.

Revenue dropped 13.3 percent, or $80 billion, compared with the same nine months of 2008, to $523 billion, the institute said. Collections in the third quarter alone sank 10.9 percent to about $162 billion, according to the report released today by the Albany-based body. It was the fourth straight quarterly decline. The institute is the public policy research arm of the State University of New York.
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