According to a pair of reports released yesterday, the real estate slowdown is still a serious drag on state and local revenues, thanks to significant sagging in real estate excise tax collections.From the latest state revenue collection report (pdf):Collections [for the March 11, 2009 April 10, 2009 collection period] were $8.7 million (17.8%) below the March forecast.Most of the forecast variance was in the real estate excise tax (REET), which came in $7.9 million (29.4%) below the forecas...
aggregated: 48 weeks 2 days ago | 59 views
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