Governor Sonny Perdue on Monday cautioned against diving headfirst into the type of tax reform proposed by state House Speaker Glenn Richardson.
In a speech to the Atlanta Press Club, Perdue said Georgia's tax structure is fundamentally sound, and any ideas to change it should be carefully analyzed.
"We aren't facing the same funding crisis that other states are dealing with, and we don't need to create one in our state by shifting revenue sources from more stable streams of revenue, to more volatile streams of revenue".
Richardson wants to eliminate the property tax, which generates nine billion dollars in state revenues, and instead expand sales taxes.
Perdue said that could make Georgia's revenue stream vulnerable during economic downturns.
The governor said he's not opposed to some tweaks in the tax system, but that they should be date-driven and openly debated.
In a speech to the Atlanta Press Club, Perdue said Georgia's tax structure is fundamentally sound, and any ideas to change it should be carefully analyzed.
"We aren't facing the same funding crisis that other states are dealing with, and we don't need to create one in our state by shifting revenue sources from more stable streams of revenue, to more volatile streams of revenue".
Richardson wants to eliminate the property tax, which generates nine billion dollars in state revenues, and instead expand sales taxes.
Perdue said that could make Georgia's revenue stream vulnerable during economic downturns.
The governor said he's not opposed to some tweaks in the tax system, but that they should be date-driven and openly debated.
