Bloomberg News

States’ Tax Revenues Rose by 3.6% in 4th Quarter, Report Says

April 19, 2012

States’ tax collections grew for the eighth straight quarter at the end of 2011, for the first time topping peak revenue levels seen at the start of the most recent recession, according to the Rockefeller Institute of Government and Census Bureau data.

States’ tax revenues rose by 3.6 percent in the fourth quarter of 2011, compared with a year ago. The gains were 3 percent and 7.4 percent higher than the comparable quarters of 2007 and 2008, respectively, the institute said in a statement about its report.

Tax collections in 17 states were lower in the final quarter of 2011 than they were four years earlier, the statement said.

To contact the editor responsible for this story: JoAnne Norton at jnorton@bloomberg.net


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus