Ga. Revenues Continue to Plunge

Georgia's tax collections fell for the 15th straight month, setting the stage for yet more cuts to the state's budget.

State money managers reported on Monday that revenues slumped 10 percent from the same month the year before.

For the fiscal year that ends June 30 tax collections are down almost 13 percent.

Legislators have been anticipating the February revenue numbers, likely the last batch they will see before they have to make several tough decisions on the state budget.

The new dismal numbers make it likely that Gov. Sonny Perdue will lower the revenue estimate, effectively giving lawmakers even less money to spend.