ATLANTA -Triple-A rated Georgia ended fiscal 2008 on June 30 with revenues that were 1.1% lower than they were at the end of fiscal 2007. Collections reached $17.45 billion, a decrease of $190 million over the same year-to-date period last year.

The state as a result will use $600 million from its $1.5 billion of reserve funds to balance last year's budget.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.