Revenues up for state, local governments but shortfalls persist

[alp227]

Source: The Washington Post

State and local tax revenues grew during the last three months of 2010, continuing a recovery from the steep drops that followed the recession, the Census Bureau reported Tuesday.

Despite the modest revenue growth, state and local governments are contending with huge budget gaps that have led to service cuts and reductions in pay and rights for public employees.

Overall state and local tax revenue increased 1.6 percent to $378.3 billion during the fourth quarter of 2010 over the same time period in 2009, the Census Bureau reported.

The gains were led by a sharp increase in personal income tax receipts, and gains in sales tax receipts, gasoline taxes and revenue from liquor and tobacco taxes.

Read more: http://www.washingtonpost.com/politics/revenues_up_for_state_local_governments_but_shortfalls_persist/2011/03/29/AFjjTExB_story.html

[msongs]

1. repubs are giving it all away in tax cuts to their wealthy friends and co=conspirators nt

[No Elephants]

2. Then revenues would not be up? Seems as though something else is going on, maybe even darker.