Wed., September 8, 2010 2:21pm (EDT)

State Revenue Up For Third Straight Month
By Edgar Treiguts
Updated: 4 years ago

ATLANTA  —  
State revenue is up a third straight month.
State revenue is up a third straight month.
Georgia's revenue collections were up a third straight month in August.

Governor Sonny Perdue's office released revenue collection numbers Wednesday afternoon. They show net tax collections rose 12.7 percent in August from one year earlier ($1,185,849,000 August 2010--to $1,052,466,000 in August 2009).

It's a bigger jump in collections than even the two previous months: Georgia's revenue was up 4.7 percent in July and rose 3.8 percent in June -- over one year's time.

But Governor Perdue spokesman Bert Brantley says there is a story behind the numbers. Last year, delayed processing of tax refunds to Georgians extended into August, dragging down the numbers then.

"We don't have that negative influence on the numbers this year that we did last year. While there's still some base growth exhibited in those numbers, the big number is because we didn't have the negative return refund numbers going out this month like we did last year."

Brantley says state officials are starting to see consecutive months of forward growth. He says reasons are some stabilization in unemployment. And people who are working are able to spend some extra individual income.

Brantley says the last three months of collections are falling in line with their projections of 4 percent revenue growth for Georgia during the current fiscal year.