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Monday, September 26, 2005

State Tax Revenues Continue to Surge

The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% surge in state tax revenues in the second quarter of 2005 compared with 2004.  The chart below lists the states with the five largest and the five smallest percentage increases:

Change in Second Quarter State Tax Revenues

State

Change from 2004

Alaska

42.9%

Vermont

31.0%

New Jersey

28.3%

North Carolina

27.7%

West Virginia

25.3%

U.S. Average

13.3%

Georgia

2.0%

Washington

1.6%

South Dakota

0.3%

Maine

0.2%

New Mexico

(5.5%)

The increases in other large states were:

  • California:  17.3%
  • Florida:  9.1%
  • Illinois:  10.2%
  • New York:  17.0%
  • Ohio:  9.0%
  • Pennsylvania:  6.7%

State corporate income tax revenues had the biggest increase, rising 22.8% in the quarter (personal income tax revenues rose 18.4% and sales tax revenues increased 7.9%).

http://taxprof.typepad.com/taxprof_blog/2005/09/state_tax_reven.html

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» State Tax Tax Coffers Are Filling Throughout the Land (Time for CAT Tax Repeal in Ohio) from BizzyBlog.com
The TaxProf Blog notes that state tax revenues for the 2nd quarter of 2005 vs. 2004 are up 13.3% nationally (original link at site is to a PDF at the Nelson Rockefeller Institute). Must be the lousy economy (/sarcasm). Some states are reaping a bona... [Read More]

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» State Tax Revenues Continue to Surge from California Conservative
Doing more with less is a lesson government refuses to learn. The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera... [Read More]

Tracked on Sep 28, 2005 9:03:44 AM

» State Tax Revenues Continue to Surge from California Conservative
Doing more with less is a lesson government refuses to learn. The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera... [Read More]

Tracked on Sep 28, 2005 9:06:00 AM

» State Tax Revenues Continue to Surge from California Conservative
Doing more with less is a lesson government refuses to learn. The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera... [Read More]

Tracked on Sep 28, 2005 9:07:42 AM