Georgia revenues rise 4 percent

Wednesday, March 6, 2013 1:09 PM
Last updated 8:44 PM
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ATLANTA — Georgia state revenues were up 4 percent in February compared with the same month a year ago. That makes for a 5.6 percent increase for fiscal 2013 over the first seven months of the previous fiscal year.

The details of the monthly number offer mixed results, though the bottom line suggests a slowly improving economy even though consumer spending and business investment isn’t booming.

Sales and use tax revenues for February were up 8.3 percent, while partly to tax refunds that are common this time of year and to earners reducing their regular tax withholdings. Those factors suggest that actual earned income across the wider economy isn’t necessarily going down.

Corporate income tax collections, meanwhile, also have gone up considerably.

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soapy_725 03/07/13 - 09:56 am
Confusing government math again?

Revenue up because of tax refunds? Money going out.
Revenues up because wage earners reduce their withholding? Money not coming in.
Unemployment up but taxes up as well? Fewer wage earners.

bubbasauce 03/07/13 - 12:30 pm
Wow, that means our taxes

Wow, that means our taxes will go down, right? Nootttttt !!!!

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