State revenue report may affect proposed $142 million tax cut

From the AJC:

The state's monthly report of tax collections isn't typically a must-read document, but this week's revenue release will go a long way toward determining whether Georgians get a property tax cut.

If the numbers for April aren't good, Gov. Sonny Perdue may reduce his estimate of how much money the government has to spend. That could wipe out the $142 million the House wants to give back to homeowners and help decide the outcome of the upcoming special session.

Legislators generally can't approve a budget that spends more than the revenue estimate the governor sets. If the April numbers show revenue growth has slowed or stopped, the state might not have the money for the $142 million tax cut.