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State and Local Tax Revenue Up 4.2% for 4th Quarter, Census Data Show

GFOA Newsletter: April 2, 2015

State and local tax revenue rose 4.2%, to $369 billion, in the fourth quarter of 2014, compared with the same period a year earlier, according to U.S. Census data released last week. Despite growth in state and local income tax, corporate tax, and property tax, sales tax was flat. Total state tax revenue rose 5.2%, to $212.8 billion.

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