Georgia’s net tax collections are continuing a pace of slow growth.
Gov. Nathan Deal said Wednesday the state’s net tax collections for March totaled $1.17 billion, an increase of nearly $12.7 million from the same time last year.
With three quarters of this fiscal year completed, net revenue collections were up about 5 percent from the same point last year. Deal said it marks the 11th consecutive quarter of revenue growth dating to 2011.
The roughly 1 percent gain in March was not as strong as bigger boosts in previous months as the state struggles to shake off the lingering impact of the recession.
Individual income tax collections remained relatively flat and corporate income tax revenue increased about 4 percent compared to March 2012. At the same time, though, sales and use tax revenues fell slightly.
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