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Thursday, April 9, 2009

Latest Revenue Numbers Won't Prompt Special Session--Yet

Governor Sonny Perdue’s office says state lawmakers are "willing and able" to come back for a special session, should the economic downturn extend beyond what’s been projected.

Georgia revenue numbers released this week show collections in March fell more than 14-percent, or $167 million, compared to the same month a year ago.

But Perdue spokesman Bert Brantley says the key factor in determining whether a special session might be called is the current fiscal year statistic. For that, the state is down about 8-percent:

"For the 2009 and the 2010 budget, we passed them assuming tough times. So just the revenues dipping themselves, won’t require that(a special session)."


Brantley does say a prolonged downturn into the next fiscal year beginning July 1st, could prompt serious consideration of a special session.

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