- Associated Press - Wednesday, May 7, 2014

ATLANTA (AP) - A report shows the state of Georgia’s revenues declined nearly $50 million in April as compared to the same month a year ago, while totals collections for the fiscal year remain up about 4.7 percent.

The office of Gov. Nathan Deal said Wednesday the decline was attributed to two factors that had boosted revenues in April 2013 and are not expected to affect future monthly revenues. Net tax collections for this April totaled $1.68 billion. Meanwhile, the year-to-date tax collections totaled $14.7 billion, an increase of nearly $655 million compared to the same point last year.

Deal’s office says year-to-date revenues continue to exceed his estimate for the amended fiscal year 2014 budget.

Both individual income and corporate tax collections decreased, while gross sales tax collections reported an increase.

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