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State revenues keep imitating a rock in the air

The Boston Business Journal reports.


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Comments

Well it kind of makes sense. More people making less = more people in a lower tax bracket = less taxable income.

This is part of the vicious circle of a shitty economy. Once programs start getting invested in and people have more income to be taxed, the state revenues will increase.

This shouldn't be a surprise.

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...to top off today's stock market report.

This suggests that the next couple of state budgets are going to be brutal.

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