Yesterday our post highlighted a report by The International Council of Shopping Centers and Goldman Sachs which documented slowing chain store sales growth during the week ending July 10, 2010.
Today we feature a post which purports to have a slightly more positive outlook. The Rockefeller Institute reported yesterday that total state tax revenues increased for the first time since 3Q 2008. Apparently by total state tax revenues the Rockefeller Institute meant the aggregate of all 50 states revenues.
Overall this news may not be so positive. Many (33) individual states still report declining tax revenues and all state revenues appear to be below pre-recession levels. Some states even realized double digit declines. The report also shows local tax revenues continue to decline.
To read the entire report please follow this link: http://www.rockinst.org/pdf/government_finance/state_revenue_report/2010-07-13-SRR_80.pdf
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