Georgia revenues continue plunge

 

 

ATLANTA - Tax collections in Georgia continue to slide.

Gov. Sonny Perdue announced today that revenues for the month of January dipped 8.7 percent from the same month a year earlier, from $1.6 billion to $1.4 billion.

It's the 14th straight month that tax collections in Georgia have dropped.

For the fiscal year that ends June 30, revenues are down 12.9 percent.

Perdue and state legislators have already slashed state spending. The slimmed down $17.4 billion state budget is set to be voted out of committee Wednesday.

For January, personal income tax collections are down 16 percent while sales tax inched up slightly.

 

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