State revenues keep getting hammered in this economy.
Georgia saw its revenues fall by another 8.7 percent in January, the 14th consecutive month of decline, AJC staffer Aaron Gould Sheinin reports.
Overall, the fiscal year that begin July 1 has seen the state collect 12.9 percent less in taxes and other revenues than the comparable 7-month period a year ago, Sheinin writes. That’s a difference of more than $1.28 billion.
Lawmakers in the House Appropriations Committee are expected to adopt an amended 2010 budget that cuts $1.2 billion from the version approved by the Legislature last year. The amended budget was built around a revenue estimate from Gov. Sonny Perdue that is now obsolete, given the continued drop of tax collections in January, Sheinin reports.
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