State’s tax collections rose for the 10th straight quarter in the second quarter of 2012, according to the most recent report from the Rockefeller Institute of Government.
Nassau is among the nation’s wealthiest counties -- and the richest in New York -- as measured by per capita income.
U.S. state tax revenue grew at its fastest pace in six years in the second quarter, led by personal and corporate levies, as governments begin to recover from the longest recession since World War II.
California and New York helped push U.S. states’ tax revenue to the first quarterly gain since 2008, the Nelson A. Rockefeller Institute of Government said.
As Governor Chris Christie breaks a pledge to bolster New Jersey’s underfunded public-employee pension system, retirement-plan overseers elsewhere in the U.S. are taking steps to pare their shortfalls.
U.S. state tax collections rose during the last three months of 2011 at the slowest pace in a year and a half, according to an analysis.
Local officials in at least 10 states are trying to cut pensions of municipal workers, or eliminate defined-benefit plans, pointing to Detroit as a symbol of the peril of growing retirement costs.
Most U.S. states cut government jobs last quarter as cities, counties and public agencies coped with falling tax revenue in the wake of the recession, a study found.