Report: Georgia led country in dwindling sales tax revenues

The Nelson A. Rockefeller Institute of Government recently looked at states’ revenue streams and discovered, whoa, hey, this is the worst year on record.

State tax collections during the first quarter 2009 showed the sharpest decline on record, dropping 11.7 percent overall, according to an Institute report released July 17... Early figures for the second quarter reveal continued worsening of fiscal conditions for states.

According to the report, Georgia leads the pack when it comes to sales taxes.

Forty of 45 states with broad-based sales taxes had declines, and eleven states had double-digit declines. Iowa had the largest increase at 18.5 percent which is attributable to legislated tax increases. Georgia led the states with the largest decline at 16.3 percent followed by Nevada at 16.0 percent.

Here’s a PDF of the full report.