WASHINGTON — State tax revenues declined sharply in the fourth quarter of 2008, but the trouble is far from over as preliminary January estimates show continued deterioration, according to a Rockefeller Institute report released yesterday.

Total tax revenue declined in the fourth quarter of last year in 35 of 47 states that report figures early, with 21 states having declines from all three major sources of tax revenue — sales, personal income, and corporate income.

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