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The Nelson A. Rockefeller Institute of Government

Sunday, December 21, 2014
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Sunshine After the Rain: Revenue Collections Resume Growth After Declines in the First Half of 2014



After falling short in the first half of 2014, state tax revenues resumed growth in the third quarter of 2014. Tax revenues are expected to show further growth throughout the rest of state fiscal year 2015, if economic growth accelerates as expected. Personal income tax collections rose by 4.3 percent and sales tax collections grew by 5.9 percent in the third quarter of 2014. Only seven states reported declines in overall tax collections.
Data Alert

Growing Volatility in State Tax Revenue Is Driving Forecasting Errors



According to a new technical report released by the Nelson A. Rockefeller Institute of Government, increases in state revenue forecasting errors during the recent recession were driven by increases in revenue volatility. The report discusses how revenue forecasting errors have changed in recent years and examines the relationship between revenue forecasting accuracy and (1) tax revenue volatility, (2) timing and frequency of forecasts, and (3) forecasting institutions and processes.
Report

State Governments Leverage Higher Education in International Engagement



In an illuminating new report, Rockefeller Institute Senior Fellow Jason Lane and colleagues Taya Owens and Patrick Ziegler analyze the emerging role that states play in promoting the internationalization of higher education institutions. Through these efforts, the researchers suggest, colleges and universities engaged in international activity strengthen economic development and public diplomacy.
Report

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The Institute in the news...

“Kansas Faces Additional Revenue Shortfalls After Tax Cuts”

; The New York Times
The Times highlights recent Institute research on states tax revenues.

“U.S. News rolls out global university rankings, with some surprises”

; The Washington Post
Senior Fellow Ben Wildavsky comments on the latest U.S. New & World Report’s university rankings.

“Solar power is casting a bigger shadow”

; CBS Money Watch
An Institute Observation by Senior Fellow James Fossett and others is cited.

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