State revenue up in August

Georgia's tax collections grew by 9.1 percent in August compared to last year.

Gov. Nathan Deal's office said Friday net tax collections for the month increased $108 million compared with August 2010.

"The second month of fiscal year 2012 has continued the trend of year-on-year comparison growth," Deal said in a statement. "I am particularly encouraged by this month’s results considering the global economic turbulence we are witnessing. It is with that turbulence in mind that I remain cautious about the months ahead."

For the first two months of the fiscal year that began July 1, state revenue is up 8.2 percent, or $191 million.

In August, individual income tax collections increased by 13.4 percent, or $83.5 million. State-issued refunds were down $7 million, or 14 percent.

Sales tax collections, meanwhile, grew overall by 3.4 percent compared to last year -- and were up more than a percentage point year-to-date. Revenue from tobacco taxes increased by almost 31 percent over last year.

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