Gov. Nathan Deal said Tuesday that state tax collections for August rose $24.5 million, or 1.9 percent, compared to August 2011.

For the fiscal year, which began July 1, state revenues have totalled $2.64 billion, or 4.6 percent more than a year ago.

For August, individual income tax collections slowed while increasing just 0.2 perent, or $1.5 million. While individual withholding was up 2.5 percent, net refunds issued also grew while estimated payments dropped.

State sales and use tax collections grew 3.1 percent to $447 million, while corporate income taxes were up more than 200 percent compared to August 2011. Deal’s office noted that refunds issued in August 2011 when refunds outstripped revenues.

About the Author

Keep Reading

Georgia has suspended or eliminated aimed at helping families and children in foster care. (Dreamstime/TNS)

Credit: Dreamstime/TNS

Featured

Cooling towers for Units 4 and 3 are seen at Plant Vogtle, operated by Georgia Power Co., in east Georgia's Burke County near Waynesboro, on Wednesday, May 29, 2024. (Arvin Temkar/AJC)

Credit: Arvin Temkar/AJC