Paul L. Caron
Dean



Friday, March 13, 2009

State Tax Revenues Fell 3.6% in 4Q 2008

The Nelson A. Rockefeller Institute of Government reported yesterday that state tax revenues declined 3.6% in the fourth quarter of 2008:

  • Individual income tax revenues:  -0.4%
  • Sales tax revenues:  -5.9%
  • Corporate income tax revenues:  -9.3%

Here are the ten states with the largest percentage declines in revenues from these three taxes:

  1. Utah:  -16.5%
  2. Florida:  -15.6%
  3. Alaska:  -15.1%
  4. South Dakota:  -11.8%
  5. Nevada:  -11.7%
  6. Arizona:  -11.6%
  7. New Hampshire:  -11.6
  8. California:  -9.4%
  9. Connecticut:  -8.5%
  10. Idaho:  -7.9%

https://taxprof.typepad.com/taxprof_blog/2009/03/state-tax-revenues-fell-36-in-4q-2008.html

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Comments

The number for New Hampshire is misleading as we have neither an individual income tax or sales tax.

Posted by: DCE | Mar 14, 2009 9:04:25 PM

This is truly a tragedy for Mexico as California's 9.4% decline will mean that much less money for our State's corrupt political establishment to spend on illegal aliens.

Posted by: Ken Hahn | Mar 15, 2009 7:27:00 AM