State Tax Receipts are Rising Again
Monday, May 24, 2004 at 09:46PM
Rob in This crazy business, Thoughts on life

I just read a report that state income tax receipts have steadily improved over the past few months. Yet another encouraging sign that the economy is growing at a healthy pace. I've seen amazingly little coverage of this in the media. A search on Google News turns up a handful of articles including this one. As the coffers are refilled, I have to wonder how many states will rescind or reduce the tax increases they've enacted over the past couple years. With few exceptions, I bet they won't. Spending will rise to fill the gap long before any tax reductions pass through the legislatures.

Article originally appeared on MacKayNet - Rob MacKay (http://www.mackaynet.com/).
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