Bloomberg News

U.S. State Revenue Rises 6.8% in July-August, Study Finds

November 01, 2011

Oct. 26 (Bloomberg) -- U.S. state tax collections rose 6.8 percent in July and August compared with the same period in 2010, according to preliminary third-quarter data released by the Nelson A. Rockefeller Institute of Government.

The Albany, New York-based institute also said state tax revenue grew by 10.8 percent in the second quarter, marking the sixth-straight quarter of growth. For the fiscal year ended June 30, which 46 states use, tax revenue rose by 8.4 percent, the biggest annual gain since 2005, the institute said.

To contact the reporter on this story: Mark Schoifet in New York at mschoifet@bloomberg.net

To contact the editor responsible for this story: Mark Schoifet at mschoifet@bloomberg.net


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