Georgia ends fiscal year with revenues up $879M

by AP

alt


ATLANTA (AP) -- A new report shows Georgia has ended the fiscal year with an increase in revenues of about $879 million, a 5.2 percent increase over the previous year.

Gov. Nathan Deal's office said Monday that Georgia's net tax collections for the fiscal year totaled nearly $17.9 billion, due in part to a large increase in corporate income tax collections. For the fiscal year, those corporate collections totaled $944 million, an increase of 18 percent over the previous year's total of $797 million.

Individual income tax collections also showed a modest increase of 2.4 percent.

Legislation eliminating the annual birthday tax in favor of a one-time auto sales tax resulted in a small drop in gross sales and use taxes and a substantial increase in motor vehicle fees.

(Copyright 2014. The Associated Press.)



More Local

AAMCO locating new training center in Shenandoah

AAMCO, the world’s largest chain of transmission specialists and a leader in total car care, will open its new AAMCO University in Cow ... Read More


Avoiding plane crashes as air traffic doubles

NEW YORK (AP) — More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an eve ... Read More


10 Things to Know for Today

our daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. ISRAEL-HAMAS WAR ENTERS FOURTH WEE ... Read More


Missing Teen Found Safe

The 13-year-old girl reported missing on July 23 was found by authorities over the weekend and returned to her home. Karianna Cabello was fo ... Read More


Armed robbery suspect sought by Peachtree City authorities

In the early morning hours of July 27, Peachtree City Police officers responded to a residence on Abrell Woods Court after a reported armed ... Read More

Property values increase, school system millage rate to stay same

The Coweta County School System is maintaining its millage rate of 18.59 for the 2014 property taxes. The county’s overall tax digest ... Read More