Saturday, April 07, 2007

Housing Slump Reduces State Tax Revenue

by Bill McBride on 4/07/2007 06:15:00 PM

From the NY Times: Housing Slump Pinches States in Pocketbook (hat tip Alo)

State tax revenues around the country are growing far more slowly this year and in some cases falling below projections, a result of the housing market slowdown that has curbed voracious spending on real estate, building materials, furniture and other items.