State Income-Tax Revenues Sink

The Wall Street Journal reports:

State income-tax revenue fell 26% in the first four months of 2009 compared to the same period last year, according to a survey of states by the nonprofit Nelson A. Rockefeller Institute of Government.

The report, conducted by the public-policy research arm of the State University of New York, is one of the most up-to-date measures of how deep the recession is digging into Americans' wallets and, consequently, state coffers.

Here's the report(PDF)