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Thursday, June 7, 2012 - 10:44am

May Revenues Up Two Percent

Georgia's state government collected $1.24 billion during May, a 2 percent increase compared to the same period last year.

Those collections are viewed as a rough measure of economic health. The government collects more tax money as people get jobs, earn more pay and purchase goods.

Republican Gov. Nathan Deal said this month's figures show steady growth even though the rate of growth was weaker than in April. Georgia has experienced growth for 19 of the past 20 months.

Individual income tax collections fell just under 1 percent to roughly $617 million. Net sales and use tax collections increased 3.9 percent to $449 million.

Through the eleven months of the current budget year, revenue collections stand at $14.5 billion, a 5 percent increase compared to the last fiscal year.