More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Learn about State of Georgia Investor Relations, including Featured News and The 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.
Kemp: October Net Tax Revenues Down 1.6%
November 08, 2019
The State of Georgia’s net tax collections in October totaled $1.98 billion, for a decrease of $32.3 million, or -1.6 percent, compared to last year when net tax collections totaled roughly $2.01 billion. Year-to-date, net tax revenue collections totaled $7.81 billion, for a decrease of $11.2 million, or -0.1 percent, compared to October FY 2019.
The changes within the following tax categories account for October’s overall net tax revenue decrease:
Individual Income Tax: Individual Income Tax collections for October increased by $1.2 million, or 0.1 percent, up from last year when net Individual Tax revenues totaled just over $1.05 billion.
The following notable components within Individual Income Tax combine for the net increase:
Sales and Use Tax: Gross Sales and Use Tax collections increased by nearly $62.2 million, or 6.3 percent, from last year’s total of $994.3 million. Net Sales and Use Tax decreased by $2.2 million, or -0.4 percent, compared to FY 2019, when net Sales Tax revenue totaled $525.1 million. The adjusted Sales Tax distribution to local governments totaled $528.1 million, for an increase of roughly $64.8 million, or 14 percent, over the previous fiscal year. Lastly, Sales Tax refunds fell by roughly $0.4 million, or -7.6 percent, compared to October 2018.
Corporate Income Tax: Net Corporate Income Tax collections increased by $11.3 million, or 18 percent, compared to October 2018, when net Corporate Tax revenues totaled roughly $62.4 million for the month.
The following notable components within Corporate Income Tax make up the net increase:
Motor Fuel Taxes: Motor Fuel Tax collections during the month increased by nearly $0.7 million, or 0.5 percent, up from a total of $150.2 million in FY 2019.
Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections increased by $2.3 million, or 7.2 percent, compared to October 2018 when Motor Vehicle fees totaled nearly $32.7 million. Title ad Valorem Tax (TAVT) collections, however
September Net Tax Revenue Up 0.7%
October 09, 2019
Atlanta, GA – The State of Georgia’s net tax collections in September totaled roughly $2.25 billion for an increase of $15.7 million, or 0.7 percent, compared to last year when net tax collections totaled $2.23 billion. Year-to-date, net tax revenue collections totaled $5.83 billion for an increase of $21.1 million, or 0.4 percent, compared to September Fiscal Year (FY) 2019.
August 2019 Net Tax Revenue Down 2.8%
September 11, 2019
Atlanta, GA – Georgia’s net tax collections for August totaled roughly $1.75 billion for a decrease of $50.3 million, or -2.8 percent, compared to August 2018 when net tax collections totaled just over $1.80 billion. Year-to-date, net tax revenue collections totaled nearly $3.59 billion for an increase of $5.4 million, or 0.2 percent, compared to FY 2019 after two months.