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.
Georgia's state revenues increased 13 percent in April, compared with the same month a year ago. That makes for an overall 6 percent increase for fiscal year 2013. Gov. Nathan Deal said Wednesday that net revenue collections have so far totaled $14.1 billion for an increase of $808 million compared to the same point last year.
Tourism officials on Georgia's coast say tax revenue indicates that Tybee Island experienced a record summer. Statistics from Visit Savannah show that bed tax revenue rose 8.2 percent for the months of June, July and August 2012 over the same period last year.
The first in a series of public meetings about Fort Benning’s expansion plan is being held Monday afternoon in the west Georgia town of Richland. But some area leaders have a major concern about the proposal.
It could be one of the most important recommendations the General Assembly gets next year -- how to re-write Georgia's tax code. As the state faces a growing budget crisis, state lawmakers are traveling the state to hear from Georgians how the tax code should be revised to keep the state business-friendly while also possibly ending tax breaks in a bid to prop up the budget.
A study shows that Georgia could have long-term budget troubles, called a “structural deficit”. That term is used in a recent Georgia State University study on the health of the state’s budget. The authors of the report say Georgia’s current income through taxes and fees is not enough to support state services like schools and health care for the poor into the future. Therefore their term of “structural deficit”.