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Third Quarter State Revenues Flat; First Time Since 2002 Recession
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.
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Institute Research, Events, and News Summarized in First Edition of Newsletter
The Rockefeller Institute has published the first edition of its new newsletter, summarizing recent research released by the Institute. The fall edition of the newsletter also reports on recent forums at the Institute along with other news and observations from Institute leaders and researchers.
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The Institute in the news...
The Potential for New State Taxes;The Wall Street Journal:
The Wall Street Journal on Dec. 24 wrote about the potential for new taxes as states across the U.S. wrestle with budget deficits and declining tax revenues. Institute Senior Fellow Donald J. Boyd was interviewed and quoted in the story.
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Local Government Reform in New York;The New York Post:
On Dec. 15, The New York Post ran an Op Ed column by Institute Deputy Director Robert B. Ward, discussing New York Attorney General Andrew Cuomo’s proposal to promote consolidation among the thousands of local taxing jurisdictions across the state.
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