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Friday, January 8, 2010 - 3:07pm

State Revenues Continue Decline

Governor Sonny Perdue announced Friday the state collected about $1.4 billion in taxes in December. It's a 5.6 percent decrease from this month last year and overall the year's collections are down 13.7 percent.

However, it's a bump up from last month. November's revenues were at $1.1 billion. Analysts say that's normal because of the up-tick in holiday sales and seasonal employment.

Sales and corporate income taxes both continued to decline in December compared to last year. Sales taxes by 20 percent and corporate taxes by 23 percent. But personal income taxes inched up 6.3 percent, which some see as an encouraging sign.

Still more cuts are likely to come when lawmakers begin tackling the state budget this legislative session. Perdue has already ordered state agencies to slash $900 million. The General Assembly convenes Monday at the State Capital.