Rhode Island Tax Revenues Up by 11.2% vs. 2009
PROVIDENCE, R.I. — "Rhode Island tax revenues are up after a lengthy period of decline, a sign that the state’s economy may at long last be rebounding.
A state Department of Revenue report issued Thursday shows that, for the two months ended Aug. 31, state tax revenues totaled $358 million, up 11.2 percent compared with the same period a year ago. There were increases in withholding tax, sales tax, general business taxes and other categories."
MP: Rhode Island is now the 12th state to report increases in tax revenues in August, see the full list here, as a result of improving economic activity.