Tag: Georgia Taxes

Georgia Reports Increased Revenues to Start Fiscal 2025

The Center Square
Georgia Capitol Money

With one month in the books, Georgia’s tax collections seemingly started the year on a positive note after ending last fiscal year with decreased collections.

Peach State officials said this week that total General Fund receipts for July, the first month of fiscal 2025, surpassed $2.5 billion. According to state numbers, that is an increase of 2.7%, or $66.3 million, over July 2023 in fiscal 2024, when net tax collections totaled nearly $2.5 billion.

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Georgia Again Reports Lower Tax Collections

The Center Square
Georgia State Capitol

Georgia continues to report tax collections lower than a year ago, with May’s collections down by more than 1% as the state heads toward the end of the fiscal year, new numbers reveal.

Georgia officials said the state’s net tax collections in May surpassed $2.4 billion. However, that is a decrease of 1.1% or $26.3 million compared to last May, when net tax collections approached $2.5 billion.

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