September tax revenues up again

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September tax revenues up again

Georgia’s tax revenues for September were up again, by 3.1 percent over September 2016. That tracks with the year to date. 

Revenues for the 12 months ending in September were also up, by 3.2 percent over the previous year.

The state has built a sizable rainy day reserve, but Gov. Nathan Deal has toldagencies not to ask for bigger budgets. 

Georgia was a little slow to join the recovery from the Great Recession, but it did, and now since June 2009 the nation has seen an extraordinarily long period of economic growth. Most economists believe a “correction” -- an economic downturn -- is overdue.

The great bulk of the state’s budget comes from individual income taxes and sales taxes. But business is doing well: The revenues from corporate taxes were up by 8.8 percent over the previous September, more than double the increase from individual income taxes.

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