3:46 pm October 8, 2009, by Aaron Gould Sheinin
Georgia’s revenue collections fell another 16 percent in September, compared to the same month a year ago, as the state’s three main sources of tax income continued to bottom out.
It is the 10th consecutive month of declining revenues.
For the fiscal year, which began July 1, state revenue is off 14.2 percent, compared to the first three months of the previous fiscal year.
The biggest drop in September came in individual income tax collections, which were off 14.2 percent compared to September 2008. Corporate income taxes were down 13.2 percent and sales and use taxes were off 11.4 percent.
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