GA revenue down in August - WALB.com, Albany News, Weather, Sports

GA revenue down in August

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • 17-year-old charged in shooting

    17-year-old charged in shooting

    Saturday, August 23 2014 11:00 AM EDT2014-08-23 15:00:11 GMT
    Source: WTOCSource: WTOC
    Savannah-Chatham Metropolitan Police have charged a youth arrested in Garden City with the shooting of a Savannah man during a robbery Aug. 3.

    More >>
    Savannah-Chatham Metropolitan Police have charged a youth arrested in Garden City with the shooting of a Savannah man during a robbery Aug. 3.

    More >>
  • Streets of Ferguson stay calm after violent nights

    Streets of Ferguson stay calm after violent nights

    Streets of Ferguson stay calm after violent nights

    Saturday, August 23 2014 11:00 AM EDT2014-08-23 15:00:11 GMT
    (AP Photo/Jeff Roberson). Protesters march Thursday, Aug. 21, 2014, in Ferguson, Mo.(AP Photo/Jeff Roberson). Protesters march Thursday, Aug. 21, 2014, in Ferguson, Mo.
    Ferguson's streets were peaceful for a third night as tensions between police and protesters continued to subside after nights of violence and unrest erupted when a white police officer fatally shot an unarmed black 18-year-old.A small stream of protesters marched in the St. Louis suburb as night fell Friday.More >>
    Ferguson's streets were peaceful for a third night as tensions between police and protesters continued to subside after nights of violence and unrest erupted when a white police officer fatally shot an unarmed black 18-year-old.A small stream of protesters marched in the St. Louis suburb as night fell Friday.More >>
  • Albany fire investigating house fire as arson

    Albany fire investigating house fire as arson

    Albany fire investigating house fire as arson

    Saturday, August 23 2014 10:21 AM EDT2014-08-23 14:21:32 GMT
    604 West Gordon Avenue House Fire604 West Gordon Avenue House Fire
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>

By  Stephanie Springer  - bio | email

ALBANY, GA (WALB) - Tax collections are down again in Georgia, this time a whopping 16%. State revenue is also down by thousands of dollars.Some of that comes from how much some of you are spending these days. But Governor Sonny Perdue says there's another big reason for the big drop.

Uncertain times has many folks holding on tighter to their cash. Vincent Smith says nowadays he's more careful with his money and thinks twice before he spends."You know I have a full time job and I make pretty decent money but I think its wise for me to back up on spending right now until the economy gets better."

The same goes for Ellery Farrell, who says budgeting helps make his money last longer.

"I find it more plausible to take more time when I find out what l'm going to buy when I am going buy it and how much money lm going to spend I actually use a budget as opposed to just going out and spending money you know I cant afford to just take my wallet and open it without taking a serious look and to see how it is going to effect my outcome."

State tax revenue dropped a whopping 16.2% in August. Governor Sonny Perdue blames the drop partly because the state was still sending income tax refunds to Georgians from the returns they filed in April.

But, retailers we spoke with today say they still see a drop in spending and consumers admit they are much more cautious with their cash.

"I would suggest anyone who is going through difficult times to take a further look at what they are doing so they don't spend any excess money difficult times are requiring for us to you use some extra strength," said Farrell.

Collections were off $207 million from August of 2008. Income tax revenue, which was affected by the refunds, were down 20.8 percent from last year. Sales taxes were off 12.5 percent.

©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback