State Revenue Woes
The latest state revenue summary from the Rockefeller Institute raises concerns about the trajectory of state revenues. The growth rates for the first calendar quarter of 2016 were anemic, and preliminary results for the second quarter were downright gloomy.
Speaking of Which
In a related development, the Bureau of Economic Analysis (BEA) released personal consumption expenditures by state for 2015, which have an impact on state economies and revenues.