Skip to main content
  • Experts
  • Events
  • Briefing Book
  • Resources
  • About
  • Contact
  • Support
  • Fiscal Facts
Twitter
Facebook
Logo Site
  • Topics
    • Individual Taxes
    • Business Taxes
    • Federal Budget and Economy
    • State and Local Issues
    • Campaigns, Proposals, and Reforms
  • TaxVox Blog
  • Research & Commentary
  • Laws & Proposals
  • Model Estimates
  • Statistics
  • Features
TaxVox: 
Individual Taxes
RSS

The voices of Tax Policy Center's researchers and staff

Roberton C. Williams
April 15, 2009

State Revenue Woes

State revenues are collapsing with the economy. A new study from the Nelson A. Rockefeller Institute of Government reports that state tax collections fell in the last quarter of 2008 for the first time since 2002 (see graph). Not only did the volatile personal and corporate income tax revenues drop but so did the usually more stable sales taxes—declining by 6 percent before adjusting for inflation.

The situation is going to worsen before it gets better.  Every state’s economy showed decline in February (see map from the Rockefeller report) and no one expects improvement soon. So states will almost certainly watch their revenues fall further and, like the federal government, face worsening fiscal conditions.

Posts and comments are solely the opinion of the author and not that of the Tax Policy Center, Urban Institute, or Brookings Institution.

Topics

Individual Taxes State and Local Issues State and Local Issues

Share this page

https://tpc.io/20hugUWShare
  • ‹Read Previous Tax Expenditures at New America
  • Read Next› Why I Hate Filing My Taxes
  • Donate Today
  • Topics
  • TaxVox Blog
  • Research & Commentary
  • Laws & Proposals
  • Model Estimates
  • Statistics
  • Privacy Policy
  • Newsletters
Twitter
Facebook
  • © Urban Institute, Brookings Institution, and individual authors, 2022.