Overall collections were down $178 million from May 2019 and through 11 months of the fiscal year, collections are down 4%, or more than $850 million.
The fiscal year ends June 30 and the shortfall will be made up largely with state reserves.
Georgia House Ways & Means Chairman Brett Harrell, R-Snellville,said the latest numbers were “not as bad as some were expecting.
“We still don’t know the full impact,” he said. “The impact on some industries has been devastating, for others, they are having their best sales in history.
“I am still not one to say the sky is falling.”
The announcement comes as the General Assembly is prepared to restart the 2020 session, which was suspended in mid-March because of the pandemic.
Lawmakers must pass a budget for fiscal 2021, which begins July 1. They are expected to cut spending $2.6 billion because of the slowdown in tax collections brought on by the recession, which has caused record unemployment in Georgia.