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December Tax Revenues Down 5%; Adjusted YTD Down 2.5%

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January 9, 2024


The State of Georgia’s net tax collections in the month of December totaled nearly $3.05 billion, for a decrease of $159.1 million, or -5 percent, compared to December 2022, when net tax collections approached $3.21 billion for the month. Year-to-date, net tax revenue totaled roughly $16.1 billion, for an increase of $253 million, or 1.6 percent, over the same half-year stretch in FY 2023, an increase that was driven principally by the collection of the state’s motor fuel excise tax that was suspended during the first half of last year. Net of motor fuel tax changes, revenues for the six months ended December 31 were down 2.5 percent from this time a year ago.

December 2023 Comparative Summary of State General Funds