The most recent report on state tax revenues includes encouraging figures for most states in the first quarter of 2011. That said, states have yet to recover to their prerecession revenue levels, and the prospect for future collections is uncertain.
July 2011, Volume 29, Issue 13
Good News, Tempered
Facing both a cut in federal funding and a hotter-than-usual summer, many states are finding they cannot meet the demand for summer cooling assistance. The problem is likely to get worse, as the federal program that provides such assistance is facing an even bigger potential cut next year.