State Tax Revenues Surge

September 23, 2005

In yet another sign that the economy is roaring ahead despite deficits, hurricanes, high gas prices and overall pessimism, state tax revenues increased 8.1 percent in real inflation-adjusted terms in the second quarter, compared to 5.6 percent during the same time frame last year, according to the Rockefeller Institute.

During the second quarter: -Personal income tax revenue grew 18.4 percent -Corporate income tax revenue 22.8 percent -Sales tax revenue grew 7.9 percent

See the full Rockefeller Institute report here.

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