Despite COVID Lockdowns, Georgia Revenue Up $2.5 Billion

Instead of a predicted deficit, Georgia’s total revenue increased by $2.5 billion, according to a statement released by Governor Brian Kemp’s office.

Many state elected officials predicted significant budget shortfalls due to a partially-closed economy because of the COVID-19 pandemic and subsequent lockdowns.

“Year-to-date, net tax collections totaled $21.74 billion for an increase of nearly $2.51 billion, or 13.1 percent, compared to the previous fiscal year when net tax revenues totaled $19.23 billion after ten months,” the statement read.

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