Two months into the budget year, Georgia's tax collections outpace 2011. But consumers continue to spend conservatively. That's according to the Georgia Department of Revenue's analysis of state income for the month of August.
Georgia's net revenue rose $87.5 million in June, or 6.2 percent, as compared to net revenues in June 2010. Governor Nathan Deal's office reports the finish to the fiscal year caps a year of improvement in which all 12 months showed positive growth in monthly net collections relative to FY 2010.
Georgia's revenues climbed in November for the sixth straight month. 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 state's revenue is up for a fourth-straight month. Fresh numbers from the Governor's office show net revenue collections for September were $1,449,825,000 compared to $1,371,956,000 for September of 2009. It represents an increase of 5.7 percent.
Georgia's revenue collections were up a third straight month in August. The jump of 12.7 percent in collections is a bigger rise 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.