While the Great Recession has been officially over for several years, state revenue collections haven't reflected the expected increase that they should have, according to the Nelson A. Rockefeller Institute of Government. Total state tax collections, although grow- ing during each quarter of the last four years, softened significantly in the third and fourth quarters of 2013. And in the first quarter of 2014, state income tax revenues have actually declined, according to the institute. "The Rockefeller Institute's compilation of preliminary data from 46 states shows that collections from major tax sources increased by an insignificant 0.7 percent in nominal terms in the first quarter of 2014 compared to the same quarter of 2013," the institute reported in its April 2014 State Revenue Report.
展开▼