State Tax Revenues Plummet 16.3%

The Nelson A. Rockefeller Institute of Government reports that state tax revenues continue to decline at a record rate, down 16.3% in the second quarter of 2009.  Personal income tax revenues declined 27.5% and sales tax revenues declined 9.5% -- the steepest declines since 1963.  Combined state and local tax revenues declined 12.2% (again the steepest decline since 1963).  State Tax Revenues Show Record Drop, for Second Consecutive Quarter (press release):

1	Alaska	-86.5%
2	New Mexico	-30.8%
3	Oregon	-27.3%
4	Arizona	-26.7%
5	Delaware	-25.1%
6	Wisconsin	-24.3%
7	Colorado	-23.6%
8	New York	-22.0%
9	North Carolina	-21.9%
10	Oklahoma	-21.8%