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Latest bad news: sales tax revenue drop
Ok, so consumer confidence is low. Retail sales are growing very slowly these days. But check out this very telling piece of information: The New York Times reports that of the 36 states that have released sales tax revenue numbers this year, 21 are showing significant declines. Excluding Texas, the other 35 states show an average of 1 percent decline in sales tax revenues.
Posted by Lori Stassi on May 1, 2008 2:42 AM PT | Permalink
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