Georgia Tax Collections Up In April

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By Associated Press

Story Published: May 9, 2008 at 3:39 PM EDT

Story Updated: May 9, 2008 at 3:39 PM EDT

ATLANTA- Georgia money managers say tax collections jumped by more than 34 percent in April, a dose of good news after months of sluggish returns.

But Governor Sonny Perdue was quick to say Friday the state
anticipipates that tax collections later this year ``will slow and balance this one month spike.''

The report from the Department of Revenue shows revenue collections in April jumped more than $452 million compared with the same month last year, fueled by a spike in individual income tax receipts.

For the fiscal year that ends June 30, revenues are up 4.7 percent.

Recent fiscal reports have been less encouraging.

Tax revenues dropped 1.6 percent in March from the same month last year, and Georgia lawmakers were forced to cut spending after Perdue slashed $245 million from the fiscal year 2009 budget.

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