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Posted: March 8, 2011 4:55 p.m.

State revenues continue to grow

ATLANTA - Georgia's revenues are continuing to show signs of life.

State money managers reported Tuesday that tax collections rose 26 percent in February from the same month one year ago.

Individual income tax collections rose more than 105 percent in February, but a large chunk of that increase came because of an accounting change in the federal filing date for submitting certain tax returns. That means more returns will be filed in March.

Still, other Georgia taxes also posted positive numbers. Sales tax collections rose 9.6 percent. Corporate income taxes jumped 190 percent. Motor fuel taxes rose 3.4 percent.

For the fiscal year that began July 1, revenues are up more than 9 percent.

Gov. Nathan Deal says "signs continue to suggest that our state economy is rebounding strongly."

 

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