By State Sen. Greg Goggans
The Governor and the Department of Revenue recently released the revenue figures for November. On the positive side, the month-to-month comparisons between November of this year and November of last year (FY08) show that revenues were 1.4% higher.
In addition, the state has been making up ground over the last three months in terms of its annual revenues. In September, year-to-date (YTD) revenues were -2.61% below FY08 actual revenues, in October YTD revenues were -1.98% below FY08, and in November YTD revenues were -1.3% below FY08 revenues. In the summer budget writers were operating under the assumption that the state would be .9% below FY08 (a $1.6 billion deficit in FY09), so actually November revenues suggest that the state is approaching this target.
Continue reading “South Georgia at the State Capitol – November Revenues”