Welfare Watch - October 9, 2009 - September Revenue Figures Announced

The State may be in for the recession that we feared. 

Governor Sonny Perdue announced today that net revenue collections for the month of September 2009 (FY10) totaled $1,371,956,000 compared to $1,632,334,000 for September 2008 (FY09), a decrease of $260,378,000 or 16.0 percent.  The percentage decrease year-to-date for FY10 compared to FY09 is 14.2 percent.

"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."

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Welfare Watch, an email newsletter of the
Georgia Association of Homes
and Services for Children
as a public service.
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                            Normer Adams, Editor
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