Gov. Nathan Deal has announced Georgia collected $1.41 billion in net tax revenue last month. The figure represents a 6.7 percent increase compared with July 2012. In a statement, Deal said Monday that the percentage increase translates to about $88.5 million in additional tax revenue compared with July 2012.
Cities and counties are renegotiating the terms of a tax that almost every Georgian pays. All but a handful of Georgia counties have a penny sales tax called LOST. It goes into city and county budgets to offset property taxes. But every ten years, cities and counties have to renegotiate how the taxes are split up based on new Census data.
Dozens of Georgia counties next week will hold votes on whether to continue charging sales taxes for schools. The Education Special Purpose Local Option Sales Tax or ESPLOST can only pay for new buildings or for paying off debt. Supporters of the tax in Savannah's Chatham County say, public schools need to have more up-to-date buildings if they want to attract private school students. Opponents, however, say new buildings have little to do with the education going on inside of them.
Northwest Georgia and Atlanta regional officials are scheduled to propose their wish lists for a possible transportation tax Thursday. And with that, all of Georgia's twelve transportation regions will have wish lists ready to show voters. The lists detail how officials plan to spend a proposed penny sales tax for road and other projects.
When the Census numbers come out in April, Georgia cities won't just have federal and state tax dollars at stake. Some cities are concerned they might lose local dollars as well. That's because cities will have to renegotiate with counties for local option sales tax funds. And since those funds are generally split based on population, declining cities could lose yet another funding source.
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.
Georgia back-to-school shoppers won't get any sales tax relief this year, but that's not stopping retailers from trying to entice them with ways to part with their cash. Without some kind of incentive to buy, retailers fear a dip in back-to-school sales. Some retailers are having the holiday anyway and paying the taxes themselves.