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Influencing state revenue collections and expenditures

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Reference no: EM1346432 , Length: 600 Words

As of 2009, many state governments were experiencing fiscal problems, and tax revenues were falling short of planned expenditures. What factors can influence state revenue collections and expenditures? Why must state governments cut spending or increase taxes when revenues fall short of expenditures? Give examples of the types of taxes used by state governments.

Reference no: EM1346432

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