In July, the first month of fiscal 2012, triple-A rated Georgia saw net tax collections of $1.2 billion, an increase of 7.3% over the same month a year ago. Officials saw increases in many tax categories.
“The first month of this fiscal year has continued the trend of year-on-year comparison growth,” Gov. Nathan Deal said. “I am encouraged by the results but will watch Georgia’s revenue numbers closely to ensure we maintain a conservative state budget. There’s much uncertainty in the market at the moment and I’m committed to preparing our state government for whatever the global economy throws our way.”