Georgia Economy Shows Signs of Life

Oct. 8, 2008

Atlanta Ga., (WXTX)---  The state of Georgia's economy is doing pretty well compared to other states.

Today Gov. Sonny Perdue reported that tax collections for September were up 4.5 percent, the first increase in four months.

Revenues are still down 2.6 percent for the fiscal year, though.

Georgia's sluggish collections prompted Perdue to order state agencies to cut their budgets by 6 percent to meet an estimated $1.6 billion shortfall for the fiscal year that began July 1.   State lawmakers worry the deficit could be even larger.