June revenues: The slide continues

But, for the second month in a row, it didn't get steeper. From the governor's office:

ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of June 2009 (FY09) totaled $1,364,350,000 compared to $1,618,879,000 for June 2008 (FY08), a decrease of $254,529,000 or 15.7 percent.

The percentage decrease year-to-date for FY09 compared to FY08 is 10.5 percent.

Last month we were down 10 percent year-to-date. The month before, 9.5 percent. The month before that, 8 percent.

UPDATE: Obviously this closes out the fiscal year for the state. Aaron over at The AJC says we'll have about $460 million left in reserve funds when the books are closed on FY '09. But a bunch of that is already budgeted, meaning we already planned to spend it in FY 2010, which started July 1.

Bottom line: Expect more state budget cuts, because there ain't much cushion in the piggy bank.