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Monday, December 13, 2010 - 12:39pm

State Tax Collections Rise in November

Fueled by property and corporate income tax collections, Georgia's revenues climbed in November for the sixth straight month. State officials reported Monday that tax collections for the month are up 6.7 percent from the same month a year before.

That's an increase of about $79.6 million.

For the fiscal year that began July 1, revenues are up 7.4 percent. Individual income tax collections, which are considered an important economic indicator, are up 7.8 percent for the fiscal year.

Property tax collections were 109.6 percent higher in November than in the same month last year. Corporate income taxes jumped 175.9 percent as compared to November 2009.

The six straight months of growth follows 17 months of decline.