Georgia state revenues were up just over 1 percent in March compared with the same month a year ago. That makes for a 5.2 percent increase for fiscal 2013 over the first three quarters of the previous fiscal year.
Tax collection growth in Georgia grew by more than 10 percent last month, potentially improving the state's budget situation. Gov. Nathan Deal's administration said Monday that tax and other collections stood at roughly $1.7 billion in January, up roughly 10.4 percent compared to same period last year.
Two months into the budget year, Georgia's tax collections outpace 2011. But consumers continue to spend conservatively. That's according to the Georgia Department of Revenue's analysis of state income for the month of August.
Georgia's net revenue rose $87.5 million in June, or 6.2 percent, as compared to net revenues in June 2010. Governor Nathan Deal's office reports the finish to the fiscal year caps a year of improvement in which all 12 months showed positive growth in monthly net collections relative to FY 2010.
State money managers reported Wednesday that revenues are up 8 percent for the fiscal year that ends June 30. That's above the 4 percent growth that state budget writers predicted.Sales tax collections are up 4.4 percent — or $18 million — for May while corporate income taxes are down 32.7 percent, $2 million.
Census Bureau data show Georgia's total state government tax collections dropped about 8 percent in fiscal year 2010. Georgia collected about $14.8 billion in taxes in fiscal year 2010, down from about $16.1 billion in fiscal year 2009. Revenues had dropped about 11 percent the year before.
Georgia retailers are fighting to bring back the sales tax holiday this year. The lobbying effort comes despite state lawmakers’ reluctance, and the Tax Reform Council’s recommendation, to not bring it back.
The state's revenue is up for a fourth-straight month. Fresh numbers from the Governor's office show net revenue collections for September were $1,449,825,000 compared to $1,371,956,000 for September of 2009. It represents an increase of 5.7 percent.