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Friday, February 6, 2009

State Revenues Down 14%

Georgia's tax collections plummeted in January. Revenues tumbled 14.3 percent - or $262 million - from the same month the year before. The drop could mean even deeper cuts to the state's beleagured budget. State officials are already slashing about $2 billion in state spending. That has led to the elimination of programs and the furloughing of state employees.

(Associated Press)

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