The blog of the New York State Data Center Affiliates.
Thursday, April 3, 2008
States' Tax Revenues Weaken
States across the country are experiencing "a classic nutcracker effect," as revenues weaken and costs rise sharply, the Rockefeller Institute's latest State Revenue Report finds. After adjusting for inflation and legislated tax changes, states' tax revenues dropped by 4.3 percent in the most recent quarter. Read the press release.