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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