Georgia’s revenue collections fell another 18 percent in October, compared to the same month a year ago, as the state’s three main sources of tax income continued to collapse.
This marks the 11th consecutive month of declining revenues. Here is a look at the figures released Monday and how they compare to previous months and years.
Individual income tax collections
October 2009: $610.57 million
October 2008: $722.50 million
Difference: -15.5 percent
Corporate income tax collections
October 2009: $-4.9 million
October 2008: $23.55 million
Difference: -120.8 percent
Sales and use tax collections
October 2009: $397.96 million
October 2008: $486.74 million
Difference: -18.2 percent
Fiscal year to date (July 1-Oct. 31)
Overall tax collections: $4.65 billion
Same period a year ago: $5.49 billion
Difference: -14.8 percent
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