State Tax Collections and Rates

Governors and state legislatures in many states across the nation are looking back wistfully at the tax collection data for fiscal year (FY) 2000, the last year of a long boom.

For most states, FY 2000 stretched from July 1999 through June 2000, a period of exceptionally strong growth in most sectors of the economy, and therefore a period of abundant tax revenue in state governments throughout the country. States that depend predominantly on the income tax saw their residents' personal income grow rapidly, and strong consumer spending filled the coffers of states dependent on the sales tax.