October revenues show continued decline

November 23, 2009

Last Monday, Governor Sonny Perdue released October's revenue numbers. Collections for the month were down almost $246.8 million from last year, a decrease of 17.8 percent. This brings the decrease in year-to-date collections to 15.1 percent.

The responsibility of the General Assembly in the 2010 legislative session will be even more difficult when the legislature attempts to address a budget situation that may continue to worsen.

The state has cut the budget for 2009 almost $1.5 billion, and many state agencies have already cut their budgets between 4 to 6 percent.