Ga. Tax Collections Rise for Eighth Month

ATLANTA (AP) - Georgia's revenues jumped 8.1 percent in January from the same month the year before.

State money managers reported on Tuesday that tax collections for the state fiscal year to date are up 8.1 percent, or $705 million.

January's revenue growth was led by an 8.6 percent increase in the individual income tax and a 1.2 percent boost in sales taxes.

Corporate income tax collections rose by 15.4 percent and motor fuel taxes increased by 15.7 percent.

Gov. Nathan Deal said the numbers show that Georgia is continuing its economic recovery. January marks the eighth straight month that revenues have risen following a long slide.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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