Georgia Revenues Decline

ATLANTA (AP) - Tax collections in Georgia continue to plummet.

Gov. Sonny Perdue announced Wednesday that revenue collections dropped 16.2 percent in November from the same month the year before.

For the fiscal year that began in July, tax collections are down 15.4 percent.

Georgia officials are expecting a massive budget shortfall when state lawmakers return to the Capitol in January. Gov. Sonny Perdue has already ordered deep cuts to state agencies that have left many employees taking unpaid furlough days.

But Perdue spokesman Bert Brantley said the recession had not yet taken hold last November, which explains why the drop announced on Wednesday looks so steep.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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