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Georgia budget gap surpasses $850 million as revenues again lag

Georgia Capitol
Georgia Capitol(WRDW)
Published: Jun. 9, 2020 at 10:22 AM CDT
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With a month left in the current budget year, Georgia’s shortfall widened to more than $850 million in May.

Figures released Monday showed less of a decrease for May collections than in April, when revenues fell by more than $1 billion because the income tax deadline was postponed to July.

But revenue still fell sharply, showing a state economy where people and companies are earning less.

People bought less stuff in May than a year ago, including less gasoline and fewer cars, and stayed in fewer hotel rooms. Overall revenue collections were down 10% for the month.

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