Georgia Tax Revenues Perk up as Lawmakers Grapple with Cuts
Georgia's tax collections are improving even as lawmakers grapple with budget cuts brought on by previous shortfalls. Gov. Brian Kemp announced on Monday that tax collections rose 4.5% in January compared to the same month in 2019.
Overall tax collections for the budget year are now up $133 million. That still leaves the state on pace to be far short of the $800 million in new revenue that Kemp and lawmakers projected for this year. But it's a little good news as House members ratify cuts that Kemp earlier imposed on state agencies. It could also brighten the picture for next year's budget.