Friday, October 9, 2009

Opinion: Tax Collections Sink Down Another Month: State's Ability to Fulfill Obligations Compromised

Governor Perdue released the revenue collections data for September, marking an entire quarter of dismal revenue -- an average of 14.2 percent decline from the previous year.

"Georgia's revenue has been in a consistent state of decline for the last nine months," said Alan Essig, executive director of the Georgia Budget & Policy Institute.

"This is evidence, along with Georgia's horrible unemployment rates, that the state will not reach the governor's recent goal of just a 3.5 percent decline from last year for this fiscal year."

"Georgia has already implemented over $2 billion in cuts from public services in this year's budget. The state must consider additional revenues for a more balanced approach to reducing our chronic deficit," said Essig. The vast majority of other states, including our southern neighbors, are combining raising revenues with cuts.

Georgia Front Page
Fayette Front Page

No comments: