States Scramble to Boost Tax Revenue as Federal Aid Dries Up

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With tax revenue receipts still in the tank for most US states, they are scrambling for ways to boost tax receipts.  Accounting Today reports: States are intensifying theirefforts to confront the challenge of winnowing down budget shortfalls by raising sales tax rates, increasing the number of items taxed, and more aggressively asserting nexus. “States are […]

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Think your state has the most screwed up budget in the Union?  Use this interactive chart to find out where your state’s budget shortfall really stacks up! Source: Wall Street Journal Related reading: Governator puts 200,000 CA state employees on minimum wage Why many states are on the brink of insolvency

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