People knew the economy shutdown that accompanied the COVID-19 pandemic would be rough, and now in Georgia we are seeing the numbers to prove it. Gov. Brian Kemp’s office Wednesday announced that April tax revenues were down 36% from 2019 as the state took in just over $1 billion less in revenue. A lot of that is due to shifts in payment deadlines for motor vehicle and individual income taxes, some of which will be made up later, but the legislature will still have to make some tough decisions and major cuts when it reconvenes to work on the upcoming budget. The economy is reopening and folks are slowly starting the return towards normalcy, but the economic effects of coronavirus will have Georgia DRIFTING for a while yet.
