Nursing Education and the Recession - Tough Economic Times - page 3
The recession has definitely left its mark on universities and community colleges. Funding is being slashed, educators' salaries are frozen, faculty workloads are increasing, supplies are in short... Read More
Jul 18, '09state tax revenues at record low, rockefeller institute finds
the anemic economy decimated state tax collections during the first three months of the year, according to a [color=#004276]report released friday by the rockefeller institute of government. the drop in revenues was the steepest in the 46 years that quarterly data has been available.
the blow to state coffers, which the report said appeared to worsen in the second quarter of the year, reflects the gravity of the recession and suggests the extent to which many states will probably have to resort to more spending cuts or tax increases to balance their budgets.
over all, the report found that state tax collections dropped 11.7 percent in the first three months of 2009, compared with the same period last year. after adjusting for inflation, new changes in tax rates and other anomalies, the report found that tax revenues had declined in 47 of the 50 states in the quarter.