Georgia tax revenues up 4.8 percent for the fiscal year

ATLANTA (AP) – The Georgia Department of Revenue reports state revenue collections are up 4.8 percent over the previous fiscal year. The report issued Friday comes four months into the current fiscal year. For October, total revenues climbed 6.4 percent over the same month a year ago. The monthly report shows gains in individual income taxes and sharp increases in corporate income taxes. Those trends have been consistent since the fiscal year began July 1. That suggests an upward trajectory for the Georgia economy. But other figures indicate consumers are still reticent to spend.
Sales tax collections remain only slightly higher than a year ago, while fuel taxes continue to lag. October saw a spike in vehicle transactions taxes, though that revenue is still below the pace of the last fiscal year. © 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


More Local

Gas prices plateau over the weekend

Gas prices are beginning to stabilize after going on a streak of more than 20 days of increases. The average price in Florida, Georgia and T ... Read More


Ebenezer Baptist Church Condemns Georgia Gun Carry Law

ATLANTA, Ga, -- Governor Nathan Deal is just days away from signing a gun bill in to law, that will allow worshipers to carry guns in to chu ... Read More


GOP’s Older Candidates Seek Young Voters

One of the candidates at the top of the Georgia GOP’s ticket this year is 71 years old. That’s Governor Nathan Deal. He faces a ... Read More


Georgia online tuition dropping for first year

ATLANTA (AP) Tuition for some online college courses in Georgia will drop for the first time this fall. Georgia officials approved the chan ... Read More


10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WHO HAS HARSH WORDS FOR SOUTH KO ... Read More

No plans in works for 2014 Powers’ Festival

There are no plans to hold the Powers’ Festival Labor Day weekend this year. The Coweta Festivals Inc. group is, however, planning to ... Read More