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Third Quarter State Revenues Flat; First Time Since 2002 Recession
[PDF]The Rockefeller Institute’s latest flash report on state tax revenues finds a growth rate of only 0.1 percent during the third quarter of 2008, the first time since the 2002 recession that tax collections showed essentially no growth. The preliminary report on 42 states also concludes that, in light of the ongoing economic weakness, further deterioration in state revenues is expected.
Donald J. Boyd and Lucy Dadayan, November 2008
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State Revenue Report #73: The Damage is Just Beginning
[PDF]While overall tax revenues were “superficially strong” in the second quarter of 2008, sales-tax collections are down and declines in income-tax revenue are highly likely in the months ahead. More widespread budget cuts by states “are virtually certain,” the Institute concludes.
Donald J. Boyd and Lucy Dadayan, October 2008
SRR #73 data [XLS] Read the News Release
State Revenue Report #72: State Taxes Slow Yet Again, and Further Weakening Appears Likely
[PDF]State tax collections are at their weakest in five years, with one key revenue source — sales taxes — showing no growth in the first quarter of 2008. Continued slowing in the economy means further declines in tax revenues can be expected. The result: Governors and legislators who have just completed action on 2008-09 fiscal plans are likely to face the need to make budget cuts in the months ahead.
Donald Boyd, Lucy Dadayan, and Nino Giguashvili, July 1, 2008
SRR #72 data [XLS] Read the News Release
From a Bonanza to a Blue Chip? Gambling Revenue to the States
[PDF]For more than two decades, states saw lotteries and casinos as a bonanza of new dollars for education and other programs. Gambling revenue is now at an all-time high, but growth is slowing due to objections about social impacts and broader economic trends. And the report shows that states vary widely in their reliance on gambling revenues.
Lucy Dadayan, Nino Giguashvili, and Robert B. Ward, June 19, 2008
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The Effects of State-Level Tax and Expenditure Limitations on Revenues and Expenditures
[PDF]This paper describes state-level tax and expenditure limitations (TELs) in 31 states, notes how their spread has slowed in recent years, and summarizes earlier studies of their effects on state and local revenues. The report also presents new findings from the authors’ analysis of the effects of TELs. These new findings indicate that TELs have different effects on certain areas of spending, and on certain types of revenue sources.
Suho Bae and Thomas Gais, May 2007
Rockefeller Institute Senior Fellow Don Boyd analyzed “Recessions and State-Local Finances”, with updated data on state-level economic conditions, during the Council of State Governments’ summer forum for legislative fiscal leaders in Western states. Senior Policy Analyst Lucy Dadayan examined “Ten-Year Trends in Gambling Revenue to the States” for CSG's Eastern Regional Conference.