State Tax Revenues Plummet 10.7%

The Nelson A. Rockefeller Institute of Government today released a report showing that state tax revenues dropped in the third quarter in each of the 44 states that submitted data.  The average decline was 10.7%:

The biggest declines were in corporate income tax revenues (-19.4%) and personal income tax revenues (-11.4%).  State sales tax revenues declined 8.2%.

Here are the ten states with the biggest tax revenue declines:

1	Alaska	-52.4%
2	Vermont	-31.6%
3	Oklahoma	-28.4%
4	Utah	-20.5%
5	Montana	-20.2%
6	North Dakota	-17.3%
7	Arizona	-16.3%
8	Delaware	-15.7%
9	Louisiana	-14.9%
10	Colorado	-14.1%