State revenue figures down 20.6 percent compared to April 2008
Monday, May 11th, 2009
Earlier today, Gov. Sonny Perdue told reporters the soon-to-be-released April 2009 revenue figures were “not encouraging.”
He wasn’t fibbing. The revenue figures landed in our inboxes a few minutes ago. And to be honest, they’re rather terrible.
Net revenue collections of sales, personal income and corporate incomes taxes last month totaled $1.4 billion, down from $1.8 billion the same time last year. That’s a decrease of 20.6 percent. The year-to-date decrease in revenue collection is 9.6 percent.
According to figures released by the governor’s office, however, booze is still selling like it’s hot.
Perdue did note that last April’s figures were some of the highest the state had ever recorded. But man, governor, you’ve made the right choice to veto the giant tax-cutting beast sitting on your desk. That thing might get you on Grover Norquist’s speed dial, but it’d just push the state deeper into the red.
If you’re a numbers lover, download the April 2009 revenue figures. (Warning: PDF)
(Photo by Joeff Davis)
