State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Connecticut
CTPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,708.00
Year-over-Year Change
-19.17%
Date Range
1/1/1951 - 1/1/2022
Summary
The 'State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Connecticut' trend measures tax revenue collected by the Connecticut state government from pari-mutuel betting activities. This data point is valuable for analyzing the economic health and tax base of the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks tax revenue generated from pari-mutuel betting in Connecticut. It provides insight into consumer spending patterns and recreational activity in the state, which can inform economic policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is used by economists, policymakers, and market analysts to evaluate Connecticut's tax revenue and fiscal conditions.
Key Facts
- Connecticut collects taxes on pari-mutuel betting activities.
- Pari-mutuel betting revenue accounts for a small portion of total state tax collections.
- Tax revenue from this source has been declining in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Connecticut state government from pari-mutuel betting activities, such as horse racing and jai alai.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into consumer spending patterns and recreational activity in Connecticut, which can inform economic policy decisions and analysis of the state's fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to evaluate Connecticut's tax revenue and fiscal conditions, which can inform decisions about taxation, spending, and economic development.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
Related Trends
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Connecticut
SMU09000004000000003
Housing Inventory: Median Listing Price Year-Over-Year in Connecticut
MEDLISPRIYYCT
Imports of Goods: Manufactured Commodities for Connecticut
IMPMANCT
Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Connecticut
BFDUR8QTOTALNSACT
All Employees: Financial Activities: Insurance Carriers and Related Activities in Connecticut
SMU09000005552400001
Number of Identified Exporters to Slovakia from Connecticut
CTSVKA475SCEN
Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Connecticut (CTPARITAX), retrieved from FRED.