KBRA Releases Research – COVID-19 Infects Sales Tax Revenues

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases research on nationwide sales tax collection trends and municipal sales tax revenue bonds. The COVID-19 pandemic has adversely affected economically sensitive state and local revenue sources. Sales tax collections declined sharply in the early months of the pandemic, although recent year-over-year retail sales activity data suggests a budding recovery. Despite this uneven performance and potential for further volatility, KBRA be