Diana Pope, Director, Financing & Investment
State of Georgia Investor Relations
State of Georgia Investor Relations
Learn about State of Georgia Investor Relations including our News & Press Releases and Team.
Have questions? Reach out to us directly.
Learn about State of Georgia Investor Relations including our News & Press Releases and Team.
The Georgia State Financing and Investment Commission (GSFIC) is responsible for the issuance of all public debt of the State, including general obligation debt and guaranteed revenue debt. GSFIC consists of the Financing and Investment Division and the Construction Division. GSFIC’s core value is dedicated to continuous quality improvement in all of its activities.
Atlanta, GA – The State of Georgia’s net tax collections during the month of September approached $3.21 billion, for a decrease of $91.2 million, or 2.8%, compared to FY 2024 when net tax collections totaled almost $3.3 billion for the month_._ Year to date, net tax revenue collections totaled roughly $8.11 billion, for an increase of $29.5 million, or 0.4%, compared to September 2023 when net tax collections approached $8.08 billion.
The changes within the following tax categories account for September’s overall net tax revenue decrease:
Individual Income Tax: Individual Income Tax collections during the month totaled nearly $1.44 billion, up from a total of almost $1.39 billion in fiscal year 2024, for an increase of $50.2 million or 3.6%.
The following notable components within Individual Income Tax combine for the net increase:
Sales and Use Tax: Gross Sales and Use Tax collections for September totaled roughly $1.55 billion, which was an increase of $36 million, or 2.4%, over FY 2024. Net Sales and Use Tax decreased by $52.5 million, or 6.4%, compared to September 2023 when net Sales Tax revenue totaled $820.2 million. The adjusted Sales Tax distribution to local governments totaled $773.7 million, which was an increase of $91.4 million, or 13.4%, from last year’s adjusted distribution total of $682.3 million. Sales Tax refunds decreased by roughly $2.9 million compared to FY 2024.
Corporate Income Tax: Corporate Income Tax collections for September decreased by nearly $90 million, or 13.1%, compared to last year, when net Corporate Tax revenues totaled $687.5 million.
The following notable components within Corporate Income Tax make up the net decrease:
Motor Fuel Taxes: Motor Fuel Tax collections for the month increased by $6.7 million, or 3.5%, compared to FY 2024 when motor fuel tax collections totaled $193.4 million.
Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for September rose by $0.2 million, or 0.7%, while Title ad Valorem Tax (TAVT) collections decreased by $2.6 million, or 3.2%, from FY 2024.
The State of Georgia’s net tax collections during the month of August totaled nearly $2.34 billion, an increase of $54.3 million or 2.4 percent compared to August 2023 (FY 2024), when net tax collections totaled $2.28 billion. Year to date, net tax revenue collections totaled $4.90 billion, for an increase of $120.6 million or 2.5 percent compared to FY 2024 when net tax collections totaled $4.78 billion after two months.
Atlanta, GA – The State of Georgia’s net tax collections for the first month of FY 2025 totaled $2.56 billion, an increase of $66.3 million or 2.7 percent over July 2023 (FY 2024), when net tax collections totaled almost $2.50 billion.
The changes within the following tax categories account for July’s overall net tax revenue increase:
Individual Income Tax:Individual Income Tax collections for the month decreased by $5.2 million or 0.4 percent, down from roughly $1.26 billion in July 2023 (FY 2024).
The following notable components within Individual Income Tax combine for the net decrease:
Sales and Use Tax: Gross Sales and Use Tax collections in July totaled nearly $1.60 billion, an increase of $68.3 million or 4.5 percent over FY 2024. Net Sales and Use Tax increased $36.8 million or 4.8 percent compared to July 2023, when net Sales Tax revenue totaled $772.2 million. The adjusted Sales Tax distribution to local governments totaled $776.7 million, an increase of $28.7 million over last year, while Sales Tax refunds increased by $2.9 or 42.9 percent compared to July FY 2024.
Corporate Income Tax: Corporate Income Tax collections for July totaled $123.9 million, an increase of $27.4 million or 28.4 percent from FY 2024, when net Corporate Tax revenues totaled $96.5 million.
The following notable components within Corporate Income Tax make up the net increase:
Motor Fuel Taxes: Motor Fuel Tax collections for July increased by $8.2 million or 4.5 percent over July 2023, when Motor Fuel tax collections totaled $183.1 million for the month.
Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for the month increased by $3.6 million or 12.7 percent, while Title ad Valorem Tax (TAVT) collections decreased by $6.4 million or 8.7 percent compared to the previous fiscal year.
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