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Monday, June 9, 2008

Perdue: State revenues down 31 percent compared to May 2007

Yowsers.

ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of May 2008 (FY08) totaled $1,473,892,000 compared to $2,140,232,000 for May 2007 (FY07), a decrease of $666,340,000 or 31.1 percent.

The percentage decrease year-to-date for FY08 compared to FY07 is 0.1 percent.

Perdue says, however, this dip was to be expected.

“These figures are not surprising given April’s sharp rise in collections due to processing improvements made by the Department of Revenue,” said Governor Perdue. “We will continue to monitor revenue collections and responsibly manage the state’s fiscal affairs.”

Note the decrease — $666,340,000. Lucifer announces his arrival in the most mysterious of ways, people!

While I start filling up squirt guns with holy water and cold calling priests to bless my army of the righteous, pore over the numbers here. (It's a PDF.)

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