Wednesday, April 07, 2010

State Ends 15-Month Slide With Positive Revenue News

By Aaron Gould Sheinin
The Atlanta Journal-Constitution
Georgia Politics
April 6, 2010

In a glimmer of good news, Georgia has ended its 15-month skid of negative revenue numbers.

Though overall tax collections in March rose by just 1 percent over 2009, it's the first positive signal on revenue collections since November 2008.

However, the numbers, reported by Gov. Sonny Perdue's office, aren't nearly enough to make a dent in the state's budget woes.

"While we are always cautious about reading too much into a single month's revenue report, the March numbers are certainly encouraging," Perdue said in a statement. "Springtime in Georgia always brings us the Masters and the Braves' opening day, and I am hopeful we are also seeing the first buds of economic recovery."

To read further please tap on link: http://www.ajc.com/news/georgia-politics-elections/state-ends-15-month-440944.html

© 2010 The Atlanta Journal-Constitution

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