State of Georgia’s tax take up 6.8 percent in August

State collections grew in August in yet another sign that Georgia’s economy remains fairly strong.

Overall collections were up 6.8 percent in August, with big gains in the state income tax take and improvement in sales tax collections. Those two taxes generally measure income growth and spending.

Personal income tax collections were up 9.5 percent in August. The state collects more money from personal income taxes than any other tax or fee.

The revenue report was more good fiscal news for Gov. Nathan Deal’s administration, which last week reported that the state’s reserves had hit $2 billion. One of Deal’s top priorities has been to leave office in 2019 with at least $2 billion in the state’s savings account.

After two months of the fiscal 2017, tax collections are up 4.3 percent, or about $134 million.

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

X