{"id":167908,"date":"2010-01-11T16:49:00","date_gmt":"2010-01-11T21:49:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/chart-of-the-day-state-tax-revenue-vs-gdp-2010-1"},"modified":"2010-01-11T16:49:00","modified_gmt":"2010-01-11T21:49:00","slug":"chart-of-the-day-cash-strapped-states-hope-salvation-is-right-around-the-corner","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/167908","title":{"rendered":"CHART OF THE DAY: Cash-Strapped States Hope Salvation Is Right Around The Corner"},"content":{"rendered":"
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While the economy has shown signs of a rebound, one place it has yet to show up is on state ledgers. As you can see from this chart from the Rockefeller Institute, state tax revenue is doing a true cliff dive, with little end in sight.<\/p>\n

Or is there?<\/p>\n

One hopeful sign, from history, is that state tax revenues bottom very shortly after recessions end. That would be great news for troubled states like California, Illinois, and New York, though whether a rebound can come fast enough to avoid insanely brutal spending cuts is another matter.<\/p>\n

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