Governor Sonny Perdue has just released the much anticipated (and somewhat feared) February revenue figures. The net revenue collections for the month of February 2010 (FY 2010) totaled $567,251,000 compared to $629,448,000 for February 2009 (FY09), a decrease of $62,197,000 or 9.9 percent. The percentage decrease year-to-date for FY10 compared to FY09 is 12.7 percent.
This announcement is likely to create a need for legislators to make even more adjustments to the FY 2010 and FY 2011 budgets. For the latest legislative news tune in to Lawmakers tonight at 7 PM.