September 2009
3 posts
Local villages' tax revenue continues to drop
State tax revenue collections took a dive in the first quarter of 2009, dropping 11.7 percent compared to the same period last year, according to an analysis conducted by the Rockefeller Institute.
This is the largest decline in the 46 years for which quarterly data is available.
State revenues dropped drastically due to a hard decline in income and sales tax collections, which are considered...
