TITLE

Several States Report Declines in Sales Tax Revenue in 1Q of 2008

AUTHOR(S)
Schroeder, Peter
PUB. DATE
May 2008
SOURCE
Bond Buyer;5/5/2008, Vol. 364 Issue 32871, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of various states in the U.S. as of the first quarter of 2008. According to a report by the Rockefeller Institute of Government, several states are experiencing reductions in revenues they obtain from their largest or second-largest source, which is the sales tax. It was found that 21 out of 36 states faced declines in revenues during the quarter compared to the revenues they have collected in the same period of the previous year.
ACCESSION #
32015345

 

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