Press Releases

August 2018 Revenues

September 10, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for August totaled roughly $1.8 billion, for an increase of $117.4 million, or 7 percent, compared to last year when net tax collections totaled nearly $1.69 billion. Year-to-date, net tax revenue collections totaled $3.58 billion, for an increase of $176.8 million, or 5.2 percent, compared to August 2017.

The changes within the following tax categories contributed to the overall net tax revenue increase in August:

Individual Income Tax: Individual Income Tax collections for August totaled $939.4 million, for an increase of $77 million, or 8.9 percent, compared to last year when Individual Income Tax collections totaled $862.4 million. 

The following notable components within Individual Income Tax combine for the net increase:

  • Individual Income Tax refunds issued (net of voided checks) were up $14.7 million, or 18 percent.
  • Individual Withholding payments were up $78.7 million, or 8.8 percent.
  • All other Individual Tax categories, including Estimated Tax payments, were up a combined $13 million.
     

Sales and Use Tax: Gross Sales and Use Tax collections for the month increased by nearly $76.8 million, or 8.2 percent, over last year. Net Sales and Use Tax totaled $518.2 million, for an increase of $54.3 million, or 11.7 percent, compared to August 2017. The adjusted distribution of sales tax to local governments totaled $493.8 million, for an increase of $22.1 million, or 4.7 percent, over last year. Finally, sales tax refunds increased by roughly $0.4 million, or 10.1 percent, compared to August 2017. 

Corporate Income Tax: Corporate Income Tax collections for August totaled nearly $18 million, for an increase of roughly $3.5 million, or 23.8 percent, compared to last year when net Corporate Tax revenues totaled $14.5 million. 

The following notable components within Corporate Income Tax make up the net increase:

  • Corporate Income Tax refunds issued (net of voided checks) were up $10.5 million, or 172.5 percent.
  • Corporate Income Tax Return payments were up $12.1 million, or 469.8 percent. 
  • All other Corporate Tax categories, including Estimated Tax payments, were up a combined $1.9 million.
     

Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled roughly $153.7 million, for a decrease of less than $0.2 million, or -0.1 percent, compared to August 2017. 

Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fees for the month increased by nearly $4 million, or 12.2 percent, compared to August 2017. Title Ad Valorem Tax (TAVT) collections totaled $72.5 million, for a decrease of $14.4 million, or -16.6 percent, compared to last year.


July 2018 Revenues

Deal: July tax revenues up 3.5 percent

August 6, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for July, the first month of FY 2019, totaled nearly $1.78 billion, for an increase of $59.4 million, or 3.5 percent, compared to last year when net tax collections totaled almost $1.72 billion. July’s gross tax revenue receipts totaled $2.41 billion, for an increase of $136 million, or 6 percent, over July 2017.


June 2018 Revenues

Deal: June tax revenues up 1 percent

July 9, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for June totaled $1.98 billion, for an increase of $20.5 million, or 1 percent, compared to last year when net tax collections totaled nearly $1.96 billion. Year-to-date, net tax collections totaled roughly $22.71 billion, for an increase of $961.3 million, or 4.4 percent, compared to June 2017, when net tax revenues totaled almost $21.75 billion.


May 2018 Revenues

Deal: May tax revenues up 1.8 percent

June 6, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for May totaled almost $1.76 billion, for an increase of $31.5 million, or 1.8 percent, compared to last year when net tax collections totaled nearly $1.73 billion. Year-to-date, net tax collections totaled $20.73 billion, for an increase of $940.8 million, or 4.8 percent, compared to May 2017, when net tax revenues totaled roughly $19.79 billion.


April 2018 Revenues

May 4, 2017 -- Gov. Nathan Deal today announced that Georgia’s net tax collections for April totaled $2.26 billion, for an increase of $187.9 million, or 9.1 percent, compared to April 2016. Year-to-date, net tax revenue collections totaled $18.06 billion, for an increase of nearly $718.8 million, or 4.1 percent, over last year when net tax revenues totaled $17.34 billion.


Governor Deal signs FY 2019 Budget

May 2, 2018

Gov. Nathan Deal today held budget signing ceremonies in Atlanta, Acworth, Blue Ridge, Statesboro and Tifton for next year’s $26 billion state budget. HB 684, the FY 2019 budget, continues Deal’s efforts to invest in Georgia’s citizens and its economy through education and transportation initiatives.


March 2018 Revenues

Deal: March tax revenues down -0.5 percent

April 6, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for March totaled nearly $1.56 billion, for a decrease of $8.2 million, or -0.5 percent, compared to last year when net tax collections totaled almost $1.57 billion. Year-to-date, net tax collections totaled $16.66 billion, for an increase of $860.6 million, or 5.4 percent, compared to March 2017, when net tax revenues totaled $15.8 billion nine months into the fiscal year.

The changes within the following tax categories contributed to the overall net tax revenue decrease in March:

Individual Income Tax: Individual Income Tax collections for March totaled $709.8 million, for a decrease of $23.8 million, or -3.2 percent, compared to last year when Income Tax collections totaled almost $733.7 million.

The following notable components within Individual Income Tax combine for the net decrease:

  • Individual Income Tax refunds issued (net of voided checks) were down $2 million, or -0.3 percent.
  • Individual Withholding payments were down $5.5 million, or -0.5 percent.
  • Individual Income Tax Return payments were up roughly $6.2 million, or 12.5 percent.
  • All other Individual Tax categories, including Non-Resident tax payments, were down a combined $26.5 million.

Sales and Use Tax: Gross Sales and Use Tax collections totaled $887.2 million, an increase of $61.1 million, or 7.4 percent, over last year. Net Sales and Use Tax totaled almost $451 million, for an increase of $15.8 million, or 3.6 percent, over March 2017. The adjusted distribution of sales tax to local governments totaled $425.2 million, for an increase of nearly $44 million, or 11.5 percent, over last year. Finally, sales tax refunds increased by $1.3 million, or 13.5 percent, to a total of $11 million.

Corporate Income Tax: Corporate Income Tax collections for March decreased by roughly $15.5 million, or -16 percent, compared to March 2017, when Corporate Tax collections totaled $96.9 million.

The following notable components within Corporate Income Tax make up the net decrease:

  • Corporate Income Tax refunds issued (net of voided checks) were down $20.7 million, or -57.5 percent.
  • Corporate Income Tax payments were down approximately $14.6 million, or -31 percent.
  • All other Corporate Tax categories, including Corporate Estimated payments, were down $21.6 million.

Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled $136.5 million, for an increase of nearly $4.7 million, or 3.5 percent, compared to March 2017.

Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fees for the month totaled $37.9 million, for an increase of $6.3 million, or 20 percent, over last year. Title Ad Valorem Tax (TAVT) collections decreased by roughly $13.6 million, or -17.9 percent, compared to March 2017, when TAVT collections totaled nearly $76.3 million.


February 2018 tax revenues up 4.8 percent

Deal: February tax revenues up 4.8 percent

March 9, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for February totaled $1.23 billion, for an increase of nearly $55.9 million, or 4.8 percent, compared to last year when net tax collections totaled almost $1.18 billion. Year-to-date, net tax collections totaled $15.1 billion, for an increase of roughly $868.8 million, or 6.1 percent, over February 2017, when net tax revenues totaled $14.23 billion.

The changes within the following tax categories contributed to the overall net tax revenue increase in February:

Individual Income Tax: Individual Income Tax collections for the month totaled $476.5 million, up from $451.9 million in February 2017, for an increase of $24.6 million, or 5.4 percent.

The following notable components within Individual Income Tax combine for the net increase:

  • Individual Income Tax refunds issued (net of voided checks) were up $43.5 million, or 8.1 percent.
  • Individual Withholding payments were up approximately $54.2 million, or 5.8 percent.
  • Individual Income Tax Return payments were up $16 million, or 142.2 percent.
  • All other Individual Tax categories, including Estimated Return payments, were down a combined $2.1 million.

Sales and Use Tax: Gross Sales and Use Tax collections deposited during the month totaled nearly $899.7 million, for an increase of $87.7 million, or 10.8 percent, over last year. Net Sales and Use Tax revenue totaled $459.5 million, for an increase of $38.6 million, or 9.2 percent, compared to February 2017, when net sales tax totaled almost $420.9 million. The adjusted distribution of sales tax to local governments totaled $434.3 million, for an increase of $49.6 million, or 12.9 percent, over last year. Finally, sales tax refunds decreased by roughly $0.6 million, or -8.6 percent, compared to last year.

Corporate Income Tax: Corporate Income Tax collections and refunds for February combined for a net decrease of roughly $5.6 million, or -23.8 percent, compared to the previous fiscal year when net Corporate Tax refund outlays outstripped revenue collections by a total of $23.3 million.

The following components within Corporate Income Tax make up the net decrease:

  • Corporate Income Tax refunds issued (net of voids) were up $12.7 million, or 28.3 percent.
  • Corporate Income Tax Estimated payments were up $1.1 million, or 7.3 percent.
  • All other Corporate Tax categories, including Corporate Return payments, were up a combined $6 million.

Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled almost $142.8 million, for an increase of $4.1 million, or 3 percent, compared to February 2017.

Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for February increased by less than $0.4 million, or 1 percent, compared to last year. Title Ad Valorem Tax (TAVT) collections increased by roughly $1.4 million, or 1.7 percent, compared to February 2017, when TAVT collections totaled $82.2 million.


Amended FY 2018 Budget

March 9, 2018

Gov. Nathan Deal today signed the Amended FY 2018 budget at a signing ceremony in Polk County, authorizing $25.4 billion in spending for the current fiscal year. The state appropriations within HB 683 are based upon a 2.7 percent growth in general fund revenues over FY 2017 collections. This additional funding will address growth needs in education and human services, provide additional funding to local governments and school systems, and support statewide economic development efforts.

“With this amended budget, we are investing in our priorities and addressing critical issues for Georgia citizens,” said Deal. “The $25.4 billion in state appropriations reflects the solid economic growth that Georgia continues to enjoy and ensures that our state agencies and local governments have the resources needed to meet the demands of a growing and vibrant state. Georgia’s economy continues to surpass expectations, allowing for further investments to improve our air transportation systems, protect coastal Georgia’s tourism industry and provide additional financial assistance to communities across the state. I want to thank the members of the General Assembly who made this amended budget possible, as their cooperation will have a lasting impact on the lives of Georgians.”

Amended FY 2018 budget highlights include:

  • $101.4 million for a midterm adjustment for K-12 enrollment growth.
  • $25.9 million for airport runway extension projects.
  • $60.7 million in additional funds for Forestland Protection Act reimbursements.
  • $15.7 million for school buses for local school systems.
  • $9.6 million for growth in the Dual Enrollment program.
  • $2 million to expand marketing efforts to promote educational opportunities available at the technical colleges.
  • $10.3 million for technical college equipment replacement statewide.
  • $28.2 million for the Indigent Care Trust Fund and Medicaid.
  • $1.2 million for hospitals to offset costs due to the high number of flu cases.
  • $15.1 million for child welfare services to care for children in state custody.
  • $3.5 million for autism services for children under 21.
  • $10 million for grants to local communities for beach nourishment projects.
  • $1.6 million for improvements to the Great Dunes South Beach Park and the Ocean View Beach Park at Jekyll Island State Park.

The Amended FY 2018 budget includes $74.8 million for Forestland Protection Act grants for local governments and school systems to offset tax digest impacts from dedicated conservation use forestland in their areas. Of this funding, $34 million will go directly to local school systems.

Additionally, this budget helps to grow vital industries in rural communities by providing $25.9 million to extend 13 runways at regional airports throughout the state. The runway extensions will increase the number of airports that can safely accommodate larger aircraft, which will attract businesses to underserved areas of the state. The budget also provides $10 million to coastal Georgia communities for beach renourishment projects and assistance in recovery from the last hurricane season.


December tax revenues up 10 percent

January 5, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for December totaled $2.26 billion, for an increase of $206.1 million, or 10 percent, compared to last year when net tax collections totaled nearly $2.06 billion. Year-to-date, net tax collections totaled $11.3 billion, for an increase of $444.7 million, or 4.1 percent, over December 2016, when net tax revenues totaled roughly $10.86 billion six months into the fiscal year.


Revenues and Reserves Report

September 14, 2017 -- The 2017 Report of Georgia Revenues and Reserves is now available. The objective of the report (formerly known as the Selected Summary Financial Information report) is to present information about taxes, fees, assessments, and other revenues collected under Constitutional and statutory authority and remitted to the Office of the State Treasurer (OST) during the fiscal year. The report also provides the legislative appropriation of such funds as set forth in the Amended Appropriations Act for each year.


August 2017 Revenues

September 6, 2017 -- Gov. Nathan Deal today announced that Georgia’s net tax collections for August totaled nearly $1.69 billion, for a decrease of $4 million, or -0.2 percent, compared to August 2016.


Governor Deal Signs FY 2018 budget

May 1, 2017 -- Gov. Nathan Deal today held budget signing ceremonies across the state for next year’s $25 billion state budget. The legislation, HB 44, will support Georgia citizens by funding initiatives in education, human services, public safety, state infrastructure and other key areas. This budget is based on a 3.5 percent increase in general fund revenues over FY 2017, reflecting Georgia’s sustained economic growth.

Deal: January tax revenues up 16.7 percent

February 9, 2018

Gov. Nathan Deal today announced that Georgia’s net tax collections for January totaled nearly $2.57 billion, for an increase of $368.2 million, or 16.7 percent, compared to last year when net tax collections totaled $2.2 billion. Year-to-date, net tax collections totaled $13.87 billion, for an increase of $812.9 million, or 6.2 percent, over January 2017, when net tax revenues totaled roughly $13.06 billion.

August 7, 2017 -- Gov. Nathan Deal today announced that Georgia’s net tax collections for July totaled nearly $1.72 billion, for an increase of $113.4 million, or 7.1 percent, compared to last year when net tax collections totaled roughly $1.61 billion. Gross tax revenue receipts for the month totaled $2.27 billion, for an increase of $112.5 million, or 5.2 percent, compared to July 2016.

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