In the News…

This was in the Atlanta Journal Constipation this morning. In reference to Erick’s earlier post on revenues…

“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.

State leaders were pleased with the numbers for the first month of the new fiscal year. The state saw a gain of $1.084 billion in fiscal 2005.

“What we have seen consistently is growth in the three main categories that are tied to health of the economy: sales tax, individual income taxes and corporate income taxes,” said Kenneth Heaghney, the state’s fiscal economist. “All in all, it just seems that the performance is not spectacular but steady, and we still have forward momentum.”

Apparently, things are looking up from the economic perspective. I think Bull was right, the Governor has done more than what we give him credit for. Perhaps they should balance their time more evenly between trumpeting what they’ve accomplished, as opposed to almost total focus on what they’re GOING to do.

If we could just get the rest of Georgia to see that…

Right now, the U.S. has too many peanuts and that, experts say, could be bad news for the peanut commodity program unless something is done to whittle down the piles. Georgia Sen. Saxby Chambliss, chairman of the Senate Agriculture Committee, addressed legislative issues and the outlook for the new farm bill, which will be approved by Congress in 2007, at last week’s Georgia Peanut Producers Association’s annual buying point meeting. “

It would be great if we convert that surplus to crude oil to offset rising petrol prices, which currently sit, I believe, at just of 63$ a barrel…

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