States’ Tax Revenue Fell Record $63 Billion in Year

Posted By on October 15, 2009

States’ Tax Revenue Fell Record $63 Billion in Year

By Michael Weiss

Oct. 15 (Bloomberg) — States’ tax revenue fell a record $63 billion during the fiscal year ended June 30, the Nelson A. Rockefeller Institute of Government, an Albany based research organization, said in a report released today.

The data, based on U.S. Census information dating to 1962, also showed a second record decline for the quarter, April 1- June 30, the institute said.

Last Updated: October 15, 2009 09:30 EDT

http://www.bloomberg.com/apps/news?pid=20601110&sid=abKEnvXXhsEo

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