Sunday, June 21, 2009
News Georgia lawmakers might return for special session
Posted by Thomas Wheatley @thomaswheatley on Sun, Jun 21, 2009 at 5:44 PM
Lock up your wives and daughters, mates! Walter Jones of Morris News Service and the Dalton Daily Citizen report that the Georgia General Assembly might have to return to the Gold Dome for a special session. The reason? The budget.
From Jones:
The length and depth of the current recession has prompted round after round of cutbacks in state spending, and now legislators are talking about the need for a special session to address it.Tax collections were down in May, putting the decline at 10 percent for the 11 months of the fiscal year to date.
Economists say the recovery in the overall economy could begin in the fall, but state revenues lag, primarily because consumers continue to hold on to their money until they personally feel an improvement, say through a pay raise, bonus or promotion. The last recession resulted in depressed state revenues for about two years after the economy officially recovered.
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