Georgia State Tax Collections Down 9.4% In June

"With the economy continuing to sputter, state government is going to have to spend $600 million in reserves just to pay its bills for the recently completed fiscal year. And the outlook doesn't look a whole lot better for fiscal 2009, which started July 1. State tax collections were down 9.4 percent in June, the final month of fiscal 2008. They were off 1.1 percent for the entire fiscal year."