Performance Budgeting and Management White Papers
2005 Opens With Strong State Tax Revenue Growth
Overview States had a good quarter of state tax revenue growth in January-March 2005. While the growth in collections was somewhat exaggerated by a tax amnesty in California, much of it was the result of improving tax bases and not from legislated tax increases. Inflation is still affecting states in a significant way, but tax revenues are easily outpacing inflation effects. In addition, it would seem that states have experienced very strong growth in tax collections with April final personal income tax returns. This revenue growth will put states in better shape to continue to deal with the effects of temporary measures to balance their budgets in the years during and immediately after the most recent recession.
| Publisher | State University of New York | File Format | |
|---|---|---|---|
| Date Published | June 2005 | Downloads | 50 |
| Format | White Papers | ||
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