State of Georgia revenue growth slows in June

Growth in state tax collections slowed in June but the government ended the fiscal year up more than 9 percent from 2015.

Gov. Nathan Deal this morning announced a 5 percent increase in collections in June, but almost no growth besides the jump in gas and hotel taxes lawmakers approved in 2015 to pay for transportation projects.

The two largest levies funding the state’s budget - individual income and sales taxes - were up 1.7 percent and down 2 percent respectively in June.

For the fiscal year, which ended June 30, total collections were up 9.4 percent, or $1.8 billion over the previous year. Almost $800 million of that came from the new transportation taxes.

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