June State Revenues Down

Gov. Sonny Perdue says net revenue collections for the month of June dropped by 15.7 percent from the same month a year ago. The governor says that for the fiscal year, the decline was 10.5 percent. Figures released by the governor's office show revenues for last month of $1,364,350,000 compared with 1,618,879,000 for June 2008, a decrease of more than $250 million. Declines were seen in collections from income tax, sales tax and motor fuel tax. Worsening revenues have forced state agencies to make substantial budget cuts and to furlough workers.

(Associated Press)

State Revenues Drop 35%

Georgia's latest revenue figures came out today, and collections are down by more than a 3rd over this time last year. Governor Sonny Perdue's office says net revenue collections for February totaled just over 629-million dollars. That compares to just under 966 million dollars collected last February. Revenues are down 35%. The percentage decrease year to date for fiscal year 2009 is 7.3 percent.