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Saturday, August 22, 2009

Snapshot of Sales Tax Y/Y Trends in Southeast

One thing we forgot to mention in our economy post the other day is the state of local, state, and federal budgets (although we noted blowfish-like government expansion on 8/12/09). We found the following graph on the Federal Reserve Bank of Atlanta Web site (link here):


The Federal Reserve Bank stated the following:
  • "On average, District sales tax collections through June continued to decrease on a year-over-year basis. All states except Alabama saw sales tax revenues decline on a month-to-month basis. According to our informal survey of District retailers, June sales continued to be below year-earlier levels. Both traffic and inventories were down, and the outlook remained low."
We don't wish to spend too much time on the economy topic and everyone likely understands the current government predicament presented by lower tax collections (Catch-22 given stimulus activities), yet we found the graph interesting and worth sharing. We suspect trends are similar in regions around the country.

Happy investing,

Jeffrey Walkenhorst
CommonStock$ense

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© 2009 Jeffrey Walkenhorst
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