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Sizing up the shortfalls: The states in straits.
When state officials closed the books on 2002, they ended a year that had been among the worst for state finances in many decades--if not the worst. While the national recession that started early in 2001 was the root cause of these problems, the severity of the state fiscal meltdown was far in excess of what general economic conditions would have seemed to predict.
State tax revenues for a standardized fiscal year running from July 1, 2001, to June 30, 2002, were down by 6.3 percent nationally. (1) Adjusted for inflation, per capita state tax collections were down by 9.4 percent. This decline has opened huge gaps in the budgets of most states. (2)
In ...
- Report: State Tax Collections Show Significant Drop.
- Magazine article from: The Bond Buyer Vadum, Matthew September 13, 2002 700+ words
Led by collapsing individual income tax collections, state tax revenues plunged by a dramatic 10.4% in the second...marked the fourth consecutive quarter in which state tax collections were lower than in the same periods the previous...
- Study: Corporate Tax Sheltering Linked to As Much As $12.4 Billion in Lost...
- Press release article from: PR Newswire July 15, 2003 700+ words
...undermining the equity and integrity of state tax systems. It is not enough to say that...because of federal tax law changes or state tax-cutting during the 1990's. It is...infrastructure to support their economies." Utah State Tax Commission Commissioner R. Bruce Johnson...
- 1985 STATE TAX COLLECTIONS UP SHARPLY WITHIN SUN BELT
- Newspaper article from: The Journal Record March 26, 1986 700+ words
WASHINGTON (AP) - State tax collections jumped sharply in several...Bureau reported Tuesday. State tax collections climbed about 9 percent nationwide...other end of the scale, state tax collections declined slightly in Alaska...
- State Tax Collections Reach Nearly $782 Billion in 2008.
- Press release article from: M2 Presswire March 31, 2009 700+ words
...March 2009-US Census Bureau: State Tax Collections Reach Nearly $782 Billion...Survey of State Government Tax Collections , taxes on individual income...made up 73.3 percent of all state tax collections nationally. Severance taxes...
- Georgia State Tax Collections up in January.
- Newspaper article from: Knight Ridder/Tribune Business News February 11, 2003 700+ words
...Knight Ridder/Tribune Business News Feb. 11--State tax collections inched up in January, and gave Gov. Sonny Perdue...devastating in upcoming years as the slow economy. State tax collections increased $3.9 million in January, up 0.3...
- STATE TAX COLLECTIONS UP 7.5%.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) August 8, 1990 700+ words
...government said Tuesday. The Commerce Department said state tax collections totaled $284 billion in 1989, up from $264 billion...Only Utah and South Dakota reported decreases in state tax collections. Utah was down 11.4 percent while South Dakota...
- STATE TAX COLLECTIONS ON THE RISE UW-MADISON ECONOMIST WARNS NOT TO INTERPRET...
- Newspaper article from: Wisconsin State Journal (Madison, WI) October 30, 2003 700+ words
...Associated Press Wisconsin tax collections have risen more than...percent jump in corporate tax collections, state figures show...than 92 percent of all state tax revenue. Corporate...10.74 billion in tax collections for 2003-'04, or...
- STATE TAX COLLECTIONS AREN'T MEETING LOW EXPECTATIONS.(LOCAL)
- Newspaper article from: The Virginian Pilot September 14, 2002 700+ words
...VIRGINIAN-PILOT\ RICHMOND -- State tax collections continue to stagnate, finance...for the year. But anemic tax collections for July and August are cause...still early in the year, tax collections so far have failed to meet...
