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COLUMBIA, S.C. (AP) -- Sales tax collections have fallen more than $87 million in October, meaning more budget cuts could be coming.

Thursday's announcement came a day before the Board of Economic Advisors meets to discuss what to do about a significant decrease in the amount of money the state is bringing in.

Comptroller General Richard Eckstrom says state sales tax revenues were $195 million in October, down 31 percent from the more than $282 million collected in October 2007. Since July, the state has collected 21 percent less money from sales taxes than the same period last year.

The money collected from sales tax makes up nearly 40 percent of the state's general revenue.

Lawmakers cut $488 million from this year's budget in a special session last month.

(Copyright 2008 by The Associated Press. All Rights Reserved.)