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Governor Perdue Announces August Revenue Collections

Monday, September 8, 2003  Contact: Office of Communications 404-651-7774

 

Atlanta - Governor Sonny Perdue announced today that net revenue collections for the month of August 2003 (FY04) totaled $980,456,000 compared to $941,785,000 for August 2002 (FY03), an increase of $38,671,000. The percentage increase for the month is 4.1%.

"The August revenue collections show some positive movement, but the state must remain cautious," said Governor Sonny Perdue. "We are hopeful that this is the beginning of increasing revenues for the remainder of the year. My administration is committed to managing the state budget in a fiscally responsible manner to keep spending in line with revenue collections."

The following graph is the revenue report from the Georgia Department of Revenue for August 2003.

Georgia Department of Revenue

  

Comparative Net Revenue Collections

  

For the Period Stated Below

  

 

 

 

 

 

 

 

 

 

Prior FY2003

 

Current FY2004

 

Increase /

 

    %

GENERAL FUND

August 2002

 

August 2003

 

(Decrease)

 

Change

Sales Tax - General

409,344

 

372,845

 

(36,499)

 

-8.9%

Motor Fuel - Gal. & Sales

35,234

 

39,966

 

4,732

 

13.4%

Income Tax - Individual

498,477

 

523,821

 

25,344

 

5.1%

Income Tax - Corporate

(21,516)

 

(2,700)

 

18,816

 

87.5%

Cigar and Cigarette Tax

9,190

 

8,588

 

(602)

 

-6.6%

Alcoholic Beverage Tax

10

 

3,029

 

3,019

 

30190.0%

Malt Beverage Tax

5,258

 

6,792

 

1,534

 

29.2%

Estate Tax

6,388

 

5,971

 

(417)

 

-6.5%

Property Tax

1,333

 

1,645

 

312

 

23.4%

Wine Tax

122

 

1,795

 

1,673

 

1371.3%

Total Taxes

943,840

 

961,752

 

17,912

 

1.9%

    Other Revenues:

 

 

 

 

 

 

 

Peace Officer Training

1,738

 

1,370

 

(368)

 

-21.2%

Other Fees and Sales

(3,793)

 

17,334

 

21,127

 

557.0%

    Total Regulatory Fees & Sales

(2,055)

 

18,704

 

20,759

 

1010.2%

 

 

 

 

 

 

 

 

Net Revenue

941,785

 

980,456

 

38,671

 

4.1%

 

 

 

 

 

 

 

 

 

Year-to-date

 

Year-to-date

 

Increase /

 

    %

GENERAL FUND

FY 2003

 

FY 2004

 

(Decrease)

 

Change

Sales Tax - General

782,731

 

747,833

 

(34,898)

 

-4.5%

Motor Fuel Tax - Gals. & Sales

74,468

 

77,652

 

3,184

 

4.3%

Income Tax - Individual

929,635

 

917,925

 

(11,710)

 

-1.3%

Income Tax - Corporate

(16,608)

 

(9,452)

 

7,156

 

43.1%

Cigar and Cigarette Tax

10,529

 

12,755

 

2,226

 

21.1%

Alcoholic Beverage Tax

3,140

 

5,593

 

2,453

 

78.1%

Malt Beverage Tax

7,718

 

15,053

 

7,335

 

95.0%

Estate Tax

18,042

 

7,648

 

(10,394)

 

-57.6%

Property Tax

2,348

 

2,638

 

290

 

12.4%

Wine Tax/Fees

1,832

 

3,604

 

1,772

 

96.7%

Total Taxes

1,813,835

 

1,781,249

 

(32,586)

 

-1.8%

    Other Revenues:

 

 

 

 

 

 

 

Peace Officer Training

2,827

 

3,072

 

245

 

8.7%

Other Fees and Sales

(6,561)

 

17,217

 

23,778

 

362.4%

    Total Regulatory Fees & Sales

(3,734)

 

20,289

 

24,023

 

643.4%

 

 

 

 

 

 

 

 

Net Revenue

1,810,101

 

1,801,538

 

(8,563)

 

-0.5%

Footnotes:                                                       

1. Totals are reported in "000".
2.  Fy 2004 comparative report has changed.  Current year totals are reported on the right of prior year.
3. Totals do not include Insurance Premium Tax and Fees and Motor Vehicle License Taxes.
4. Major tax categories are reported.  Other taxes and fees are included in "Other Fees and Sales"
5. Other Fees and Sales include taxes that have been deposited in the bank, but the returns have not been processed.
    It also includes unclaimed property, and children's trust fund.
6. 2nd Motor Fuel taxes were $17M and $14 in July 2004 and 2003, respectively.