Tax revenue up, 8th consecutive quarter.

• Position: Brief article - Statistical data

State and local government tax revenues were $292 billion for the third quarter of 2011, up 4.1 percent from the third quarter of 2010, according to the U.S. Census Bureau. This is the eighth consecutive quarter of year-over-year growth.

Property tax, individual income tax, and general sales tax were all up in the third quarter of 2011 from the third quarter of 2010, but corporate income tax declined over the same period. Total state and local property tax revenue was $87.4 billion in the third quarter of 2011, up 1 percent from the third quarter of 2010. Local government property tax revenues were up 1.5 percent for the same period, to $84.4 billion. Individual income tax revenue grew for the seventh consecutive quarter, up 10.9 percent in the third quarter of 2011, to $66.7 billion, from $60.1 billion in 2010...