State officials reported another drop in the state's monthly sales tax revenues. The state collected $1.57 billion in June, which reflects sales in May. That's an 11.2 percent drop from a year ago. One budget official estimates that sales tax collections are $100 million below projections and could fall $550 million short when the fiscal year ends in two months. Sales tax payments to local cities and counties also declined 8.8 percent.
Weekly Economic Update - 02/08/10
The debt troubles in the Eurozone and the uncertainty permeating OPEC's membership provide plenty to talk about for Charley's chat with Mike in East Texas this week. Also, 50 years of economic history in 90 seconds!
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