May 22, 2017 / 4:51 PM / 2 months ago

BRIEF-Moody's says U.S. state income tax receipts plunged in April, a credit negative

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May 22 (Reuters) - Moody's :

* Moody's says U.S. state income tax receipts plunged in april, a credit negative

* Credit-negative tax revenue performance to exacerbate already slow revenue growth trend for states & force some to scramble to balance budgets with little time remaining in fy

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