{"id":513,"date":"2011-05-12T20:30:29","date_gmt":"2011-05-13T00:30:29","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=513"},"modified":"2011-05-12T20:30:29","modified_gmt":"2011-05-13T00:30:29","slug":"georgias-april-revenue-figures-suggest-decent-income-growth-but-very-sluggish-retail-sales-statewide","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2011\/05\/12\/georgias-april-revenue-figures-suggest-decent-income-growth-but-very-sluggish-retail-sales-statewide\/","title":{"rendered":"Georgia&#8217;s April revenue figures suggest decent income growth but very sluggish retail sales statewide"},"content":{"rendered":"<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Medium Rectangle *\/\r\ngoogle_ad_slot = \"8584504377\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"269\" data-permalink=\"http:\/\/www.billdawers.com\/2011\/03\/06\/savannah-stopover-preview-7-sanders-bohlke\/window-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/03\/window6-e1299440530555.jpg?fit=67%2C77\" data-orig-size=\"67,77\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D40&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1244646881&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;38&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.033333333333333&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"window\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/03\/window6-e1299440530555.jpg?fit=67%2C77\" data-large-file=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/03\/window6-e1299440530555.jpg?fit=67%2C77\" src=\"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/03\/window6-e1299440530555.jpg?resize=67%2C77\" alt=\"\" title=\"window\" width=\"67\" height=\"77\" class=\"alignleft size-full wp-image-269\" data-recalc-dims=\"1\" \/>The pdf of Georgia&#8217;s state revenues for April can be found <a href=\"http:\/\/gov.georgia.gov\/vgn\/images\/portal\/cit_79369762\/171240715April%20Revenue%20Release.pdf\">here<\/a>.<\/p>\n<p>The headline number of a 2.6% year-over-year increase is weak. That&#8217;s barely more than the increase needed to make up for core inflation. Personal income tax revenue was up 8.2% over last April, which might suggest solid income growth &#8212; or it might simply be a result of Georgians waiting longer to file their taxes.<\/p>\n<p>April seems to be a particularly volatile month for state revenues because of the tax deadline and delays in past years in processing payments. <\/p>\n<p>Gross sales and use taxes grew by only 1.9% &#8212; an anemic number at this point in an already slow and sluggish recovery. Motor fuel taxes are not a particularly significant revenue stream for the state compared to personal income taxes or sales taxes, but it&#8217;s interesting that those fuel tax collections fell by 11% year-over-year for April. That suggests that Georgians might be driving less in the face of higher gas prices &#8212; that&#8217;s a surefire way to slow down the overall economy. <\/p>\n<p>All in all, the Georgia Dept. of Revenue brought in $1.376 billion in April compared to $1.341 billion last April. That&#8217;s off steeply from the $1.761 billion in revenue in April 2008.<\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The pdf of Georgia&#8217;s state revenues for April can be found here. The headline number of a 2.6% year-over-year increase is weak. That&#8217;s barely more than the increase needed to make up for core inflation. Personal income tax revenue was&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2011\/05\/12\/georgias-april-revenue-figures-suggest-decent-income-growth-but-very-sluggish-retail-sales-statewide\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[28],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2011\/05\/Screen-shot-2011-05-12-at-8.28.23-PM.png?fit=379%2C342","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-8h","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/513"}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=513"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media\/514"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=513"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}