HEADLINES : Alabama, Hawaii, New York, Idaho
Alabama And New York Revenues Drop, While Hawaii Reports Jump
New reports indicate that both Alabama and New York have seen revenue drops in recent years, while one state reports a jump and another reports holding steady.
An analysis of Alabama state and local tax collection for Fiscal Year 2009 by the Birmingham News indicates that the state collected the least taxes per resident of the 50 states. The analysis comes the same day New York budget officials released a mid-year budget report showing that the state's current budget has grown out of balance due to revenue shortfalls.
The New York budget report also indicated that the state is on track to have have a $3 to 3.5 billion shortfall in the next state budget, which starts on April 1. Budget officials indicated the decrease in state revenues are tied to the current European financial crisis.
Hawaii officials are seeing the state's bank account growing, with a report that state revenue has grown eight percent from last year. Tourism growth is credited for the revenue growth in the Aloha state.
In Idaho, the Spokesman-Review reported that state revenue figures for October were almost the same as projected by state officials. Revenue collection for the month came in at $209.9 million, after officials estimated the haul would be $211.4 million.

