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Georgia Revenues Up More Than 8 Percent

By: Associated Press
By: Associated Press

ATLANTA (AP) -- Georgia's state revenues increased 8.6 percent in May, compared with the same month a year ago. That makes for an overall 6.3 percent increase so far for fiscal year 2013.

Gov. Nathan Deal said Friday that net revenue collections have totaled $15.4 billion so far for an increase of $915 million compared to the same point last year.

Sales and use tax collections for May were nearly $418.5 million, down about $30 million from May 2012. And individual income tax collections for May totaled $654.5 million, which is up $617 million from May 2012.

Meanwhile, both individual and corporate tax refunds were down.


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