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State of Georgia Investor Relations

Issuer Type: State/Province

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On behalf of the Georgia State Financing and Investment Commission, I would like to welcome you to our State’s new investor relations website. We appreciate your interest and investment in bonds issued by the State, as it allows us to make critical investments in public infrastructure throughout our state. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.

I hope you find this website useful as you seek to better understand the credit fundamentals of our State. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.

Diana Pope, Director, Financing & Investment

News & Highlights

November 8, 2019

News
October 2019 Revenues

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:

  • Individual Income Tax refunds issued (net of voided checks) increased by $17 million or 11.1 percent
  • Individual Withholding payments declined by $52.6 million, or -5.1 percent, compared to last year
  • Individual Income Tax Return payments were up $51.7 million, or 43.7 percent, over last year
  • All other Individual Tax categories, including Non-Resident Tax payments, were up a combined $19.1 million

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: 

  • Corporate Tax refunds issued (net of voided checks) increased by $13.8 million or 121.6 percent
  • Corporate Income Tax Estimated payments were up $15.7 million, or 68.7 percent, over FY 2019
  • Corporate Income Tax Return payments increased by $7.8 million, or 20.8 percent, over last year
  • All other Corporate Tax payments, including S-Corp payments, combined for an increase of $1.6 million

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

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October 9, 2019

News
September 2019 Revenues

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.

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September 11, 2019

News
August 2019 Revenues

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.

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