A line chart contrasting the stock price index from 1993 through 2002 with state and local government tax collections. In 1993 the Wilshire 500 was at 4,444 and tax collections totaled $158.1 billion. Both rose steadily over the next seven years. By first quarter 2000, the Wilshire was at 14,296 and tax collections were at $271.8 billion. The Wilshire declined to 7,774 by third quarter 2002. Tax collections continued to rise through fourth quarter 2001, when they reached $284.3 billion, but by third quarter 2002 they had declined to $269.9 billion.