January 04, 2011
Andrew Presti- Author's Bio
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Tax collections are surpassing projections, the clearest sign yet that state and local government finances are on the mend as the economy improves.
Sharp rises in tax collections since July, especially in the last three months, have boosted tax revenues to levels not seen since 2008, a review of tax reports shows. Including federal aid, state and local government revenue is running at a record high.
States have added workers each of the last three months and now employ more people than when the downturn started, although local governments continue to trim.