North Carolina tax collections have not rebounded to their pre-recession peak, according to a Pew Charitable Trust analysis published Monday.
The nonprofit research organization reported the percent difference between the states’ second-quarter tax revenues and their peaks since 2006, after adjusting for inflation and taking into account seasonal fluctuations.
North Carolina was 8 percent off its peak, reached in the third quarter of 2007, according to the report. Tax revenues were lower in 29 states than they were before the recession, the report said.
Alaska’s second-quarter tax collections were off 68.6 percent from the peak, but that state’s high-water mark was created by a state oil tax windfall.
North Dakota’s quarterly tax collection climbed 119.2 percent from its low, with the increase driven by the oil boom.