First, the Georgia House is helping GDOT to right the proverbial ship with regard to accounting and contractual practices.
The House voted overwhelmingly Tuesday to authorize the DOT to award multi-year contracts for highway projects and a variety of other activities, a system of “accrual” accounting the agency used before a 2008 state audit concluded that it violated Georgia’s Constitution.
Swell. Meanwhile, consumers remain concerned about the economy and are likely to pull back spending over the next 30 days, according to the Atlanta Business Chronicle, which cites the Consumer Reports Index. Even tougher times may be ahead for state coffers, it would seem.