US state and local tax revenues improving sharply

Some states have revenue increases in the 20%-30% range.

From today's Wall Street Journal:

Combined state and local tax revenues rose 5.2% to $284.3 billion in the third quarter of 2010 from the same period a year ago, the Census Bureau reported Wednesday. That was a big reversal from the third quarter of 2009, when tax revenues fell by 5.4% from the year-earlier period.
States in the Red

"Revenue wise they're turning the corner," said William Fox, an economics professor at the University of Tennessee who specializes in state and local taxes. But, he said, "fiscal stress is likely to continue in many states because spending is still out of line with lower revenues."

http://online.wsj.com/article/SB10001424052970203525404576049901002799880.html?mod=ITP_pageone_1