Five Years After the Start of the Recession, State Tax Revenues Haven't Recovery

This is a sobering chart from the Center for Budget and Policy Priorities:

Five years after the recession began, state tax revenues haven't recovered. States are taking in 5 percent less than they did when the recession hit, and at least 15 percent less than might be expected if the last few recessions are any guide (judging by eyeballing the chart above). It doesn't look like state tax revenues are returning to trend, based on this chart.