It may not be much, but Georgia showed another positive sign in March with the first month of increased tax collections. March 2010 showed a 1% tax increase over collections in March 2009. It was the first time in 15 months that monthly tax collections rose over the same month the year before.
March's numbers were boosted by an increase in corporate income tax payments (businesses showing just under a $12 million increase from the year before).
Don't get too happy, however. There is still lots of work to do in Georgia because we can claim that we are even on the road to recovery. But several indicators are looking like we may be getting on the on-ramp.
AJC | Atlanta Business Chronicle | Macon Telegraph
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