Why Revenues are Falling and What Georgia Can do About It

The state budget deficit is due to a lack of revenues. State revenue collections, as a percentage of personal income, have declined dramatically over the past 10 years. As Georgians’ incomes have increased, the amount the state collects has not kept pace.Without new revenues, Georgia is facing an additional $2.6 billion deficit in FY 2012, according to the governor. Download the PDF.