Ga. State Revenue up in July

(WTVM) - Georgia's economy may be on the rebound, even though consumers are being cautious about their spending.

The Georgia Department of Revenue reports that the state's income for July was 7.4 percent more than it was during the same month a year ago.

Notable jumps in corporate and personal income tax revenues drove the overall increase while gas taxes and revenues from vehicle titles and fees were down.

Despite the revenue spike in July, Governor Nathan Deal recently ordered state agencies to find $553 million in budget reductions through June 2014.

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