Tax Revenues Down in 44 States

"States collected 10.7 percent less in tax revenue in the July-September period than during the same three months a year ago, according to the report, which predicted that tax collections in the final three months of the year 'will continue to be weak.'

...All three major sources of states' tax revenue - sales, personal income and corporate income taxes - shrank in the third quarter. Corporate income taxes were most volatile, dropping 19.4 percent, followed by the personal income (11.4-percent drop) and sales taxes (8.2-percent drop)."