NEW YORK (CNNMoney) — Just when states thought their tax revenues were finally on the mend…
The looming specter of Recession 2.0 has forced several states to lower their estimates for revenue growth this fiscal year, just as many had finally started to see their tax collections rebound.
But new waves of economic weakness — including anemic job growth, a collapse of consumer confidence, and a tepid housing market — are leading state forecasters to reduce the projections for income and sales tax collections they crafted only a few months ago. Read more
Categories: Economics, United States