Revenues in at least 28 states will exceed their fiscal 2011 budget forecasts as personal income and corporate taxes rebound, the Center on Budget Policies and Priorities said Monday.

In the 28 states that have reported so far for the fiscal year that ended June 30, personal income taxes jumped 9%, the CBPP said in a six-page report released Monday. The increase is more than double the 4.4% growth rate states’ estimated when these budgets were enacted, the center said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.