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

Mystery of black cat grows in Coweta

After a large, black cat-like animal attacked and carried away a Coweta County couple’s pet dog earlier this month, a number of Coweta ... Read More


Former Kia employees file lawsuits

Two lawsuits have been filed against Kia Motors Manufacturing Georgia alleging discrimination against women, Americans, and blacks, as well ... Read More


Tour ‘the aftermath’ at Brown’s Mill Saturday

Saturday evening, doctors will perform surgeries following the Battle of Brown’s Mill. Military commanders will discuss their next ste ... Read More


Rocky Hill neighborhood reunion Saturday

The first Rocky Hill Reunion will be held Saturday at Willie Lynch Park, on Wesley Street in Newnan, from noon to 6 p.m. Current and former ... Read More


Coweta unemployment at 7.2 percent

Coweta’s unemployment rate was 7.2 percent for June, up from 7.0 in May, according to figures released by the Georgia Department of La ... Read More

Contract for second entrance of Newnan Centre approved

The Newnan Centre meeting facility will be getting its entrance on Lower Fayetteville Road, after Newnan City Council approved Southeastern ... Read More