Ga. state revenues up slightly in March - Fox 2 News Headlines

Ga. state revenues up slightly in March

ATLANTA (AP) - Georgia state revenues were up just over 1% in March compared with the same month a year ago. That makes for a 5.2% increase for fiscal 2013 over the first three quarters of the previous fiscal year.

Gov. Nathan Deal said Wednesday net revenue collections have so far totaled $12.3 billion for the fiscal year that will end June 30.

Sales and use tax revenues for March dipped slightly to $427.4 million, while corporate income tax collections increased nearly $7.5 million compared to last year.

Meanwhile, individual income tax collections posted a gain of less than one percent. The governor's office noted that individual income tax refunds and individual withholding payments showed increases.

Corporate income tax refunds were down $13.5 million, or a decrease of 53%.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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