And as a result, tax revenue increases.
July tax collection figures released Monday show that Georgia’s economy remains in a period of steady, if not stupendous, growth.
Officially, collections were up $170 million, or 18.4 percent, from July 2004. But Revenue Commissioner Bart Graham said the figure was inflated by two extra days of collections because of an accounting change. If the extra days weren’t counted, the increase would have been 5.3 percent, or $49 million.