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September 17, 2005

Missing headlines (continued)

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"State Budgets Get Relief"  Wall Street Journal

Strong gains in corporate profits, household income and home sales are swelling tax revenues for states nationwide, helping to close budget gaps and boost spending.

State—tax revenue for the July—March period of the fiscal year ending June 30 reached $387 billion, up 9.5% from the year—earlier period, according to a report soon to be released by the Nelson A. Rockefeller Institute of Government, a public research group in Albany, N.Y. Tax collections in the January—March quarter were up 11.7%, the strongest year—on—year growth for that period since at least 1991.

Ed Lasky   6 15 05