Friday, December 21, 2007

Florida Sales Tax Revenue Weak in November

From the Florida Department of Revenue, Revenue Collection Report for November 2007:

  • November 2007 sales tax collections were 5.18% below the November 2006 levels.
  • If you look at the report, FY07-08 tax receipts have been lagging FY06-07 receipts for several months now.
  • The only category of sales tax collections that is holding up is consumer non-durables.
  • Auto, construction, other durables, and business investment have been getting killed.
See my earlier post on Weak October Retail Sales in California. Almost 18% of the U.S. population lives in California or Florida.

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