The chart above shows the relationship between recessions and state government revenue. Typically state revenue bottoms at the end of a recession or after the recession has ended. What is particularly alarming is the development of a phenomenum during the last recession and reocurring again. State revenues the past two recessions have fallen much farther than gdp levels. Add to this the fact that we have not yet seen an end to the recession. The red lines indicate state revenue. The blue indicates GDP (economic output) levels.
http://www.businessinsider.com/now-see-the-real-state-of-collapsing-state-tax-revenues-2010-1
GDP has fallen much more in this recession than in any other recession listed on the chart.
State revenues have fallen at unprecedented levels.
http://www.businessinsider.com/now-see-the-real-state-of-collapsing-state-tax-revenues-2010-1
GDP has fallen much more in this recession than in any other recession listed on the chart.
State revenues have fallen at unprecedented levels.
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