September 12, 2016 10:05 AM
Governor Nathan Deal announced a continuing positive trend in tax collections. August receipts were up 6.8% over August 2015 at $1.69 billion. For FY 2017, which began July 1 receipts totaled $3.3 billion which represented a 4.3% increase over the same period in FY 2016.
Each tax revenue category showed an increase which is indicative of the improving economy in the state. That coupled with the fiscal discipline of the Governor and the legislature has swelled the rainy day fund to more than $2 billion.
A copy of the Governor’s press release detailed each category’s performance for August