Government revenues higher in latest quarter
State and local government tax revenue in the final quarter of 2011 rose to a 23-year high, the Census Bureau reported March 22. Tax revenues were at the highest level for one quarter since the Census Bureau began tracking state and local tax data in 1988, according to Reuters.
Tax revenues in the fourth quarter last year rose 2.1 percent from the fourth quarter of 2010, the ninth consecutive quarter of positive year-over-year growth, the Census Bureau said. State and local revenue for the quarter totaled $387.2 billion, compared to $379 billion for the fourth quarter of 2010.
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