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Friday, May 7, 2010 - 12:51pm

State Revenue Down For April

Updated: 6 years ago.
State revenues are down again in April after one month of smal gains.

Georgia's revenue is dropping again after a one month rise in March. April numbers released today show a 4.2 percent decline over April of 2009. In March the state revenue had finally gone up by one percentage point. It had been the first increase since November of 2008 and state leaders called it encouraging.

Analysis of the April numbers show individual tax revenue was down about 16 percent, while coporate income taxes were up nearly 14 percent.

For the fiscal year which ends June 30th, overall revenue collections are
down 10.7 percent.