News Story

October Adjusted Tax Revenues Down 5.7%

View All News

November 7, 2023


Atlanta, GA – The State of Georgia’s net tax collections during the month of October totaled $2.62 billion, for a decrease of $84.4 million or 3.1 percent compared to October 2022, when net tax collections totaled nearly $2.71 billion for the month. $70.5 million of October’s tax revenue changes were the result of tax collected on motor fuel prior to the suspension of the state gas tax in September. Excluding Motor Fuel Tax revenues, all other October net tax collections decreased by 5.7 percent or $154.9 million compared to October 2022.

October 2023 Comparative Summary of State General Funds