An Early Look at State Tax Collections Shows Dire Declines

An analysis by Fitch Ratings found that states’ April tax receipts fell sharply. A separate analysis from the National League of Cities says U.S. cities will lose $360 billion in revenue.Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Wednesday’s coverage click here. Here’s a state-by-state roadmap.

What impact has the Covid-19 health crisis had on state tax collections?

The tea leaves are still hard to read, but an analysis published Wednesday by Fitch Ratings found April tax receipts in 24 states from the two largest sources—personal income taxes, ...