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