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Sun May 10, 2020, 05:48 PM

State tax collections down $1 billion in April as deep budget cuts loom

Itís another stunning sign of the economic impact COVID-19 has had on Georgia: State revenues saw a $1 billion drop last month.

The monthly revenue report showing a 35.9% drop in total revenues from last April was released Wednesday on the eve of renewed budget talks, with state lawmakers set to meet virtually Thursday.

The drop-off in state revenues is no surprise, and it is likely just the beginning of the grim months that lie ahead as the effects of the pandemic are felt in Georgia.

Legislators have already been told to plan to cut next yearís budget by 14% after struggling to find ways to trim 4% and 6% from this yearís and next yearís budgets, respectively.

Read more: https://georgiarecorder.com/brief/state-tax-collections-down-1-billion-in-april-as-deep-budget-cuts-loom/

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Reply State tax collections down $1 billion in April as deep budget cuts loom (Original post)
TexasTowelie May 10 OP
SheltieLover May 10 #1

Response to TexasTowelie (Original post)

Sun May 10, 2020, 06:25 PM

1. Cuts should be

In legislators' pay! 🤬

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