Governor Perdue Announces September Revenue Collections
| Thursday, October 9, 2003 |
Contact: Office of Communications 404-651-7774
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Atlanta - Governor Sonny Perdue announced today that net revenue collections for the month of September 2003 (FY04) totaled $1,240,684,000 compared to $1,109,563,000 for September 2002 (FY03), an increase of $131,121,000. The percentage increase for the month is 11.8%. The percentage increase year-to-date for FY04 compared to FY03 is 4.2%.
"Even though September's revenue collections reflect an increase over the previous fiscal year, it is still very important that we continue to remain cautious and prudent," said Governor Sonny Perdue. "It is way too early to jump to any conclusions about future revenue collections and their potential impact on the budget."
The following graph is the revenue report from the Georgia Department of Revenue for September 2003.
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Prior FY2003 |
Current FY2004 |
Increase / |
% |
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GENERAL FUND |
September 2002 |
September 2003 |
(Decrease) |
Change
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|
Sales Tax - General |
315,636 |
422,738 |
107,102 |
33.9% |
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Motor Fuel - Gal. & Sales |
42,708 |
39,828 |
(2,881) |
-6.7% |
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Income Tax - Individual |
632,316 |
645,450 |
13,134 |
2.1% |
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Income Tax - Corporate |
95,481 |
83,399 |
(12,082) |
-12.7% |
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Tobacco Taxes |
3,377 |
20,138 |
16,762 |
496.3% |
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Alcoholic Beverage Taxes |
12,960 |
12,604 |
(356) |
-2.7% |
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Estate Tax |
1,690 |
3,599 |
1,910 |
113.0% |
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Property Tax |
3,444 |
4,587 |
1,143 |
33.2% |
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Total Taxes |
1,107,611 |
1,232,343 |
124,732 |
11.3% |
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Other Revenues: |
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Peace Officer Training |
1,952 |
1,985 |
33 |
1.7% |
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Other Fees and Sales |
0 |
6,355 |
6,355 |
N/A |
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Total Regulatory Fees & Sales |
1,952 |
8,341 |
6,389 |
327.3% |
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Net Revenue |
1,109,563 |
1,240,684 |
131,121 |
11.8%
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Year-to-date |
Year-to-date |
Increase / |
%
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GENERAL FUND |
FY 2003 |
FY 2004 |
(Decrease) |
Change |
|
Sales Tax - General |
1,098,367 |
1,170,571 |
72,204 |
6.6% |
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Motor Fuel Tax - Gals. & Sales |
117,150 |
117,459 |
309 |
0.3% |
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Income Tax - Individual |
1,561,951 |
1,563,375 |
1,424 |
0.1% |
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Income Tax - Corporate |
78,873 |
73,947 |
(4,926) |
-6.2% |
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Tobacco Taxes |
13,906 |
32,894 |
18,988 |
136.5% |
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Alcoholic Beverage Taxes |
25,650 |
36,855 |
11,205 |
43.7% |
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Estate Tax |
19,731 |
11,247 |
(8,484) |
-43.0% |
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Property Tax |
5,792 |
7,225 |
1,433 |
24.7% |
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Total Taxes |
2,921,418 |
3,013,573 |
92,155 |
3.2% |
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Other Revenues: |
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Peace Officer Training |
4,779 |
5,057 |
279 |
5.8% |
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Other Fees and Sales |
(6,535) |
23,590 |
30,125 |
461.0% |
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Total Regulatory Fees & Sales |
(1,756) |
28,647 |
30,403 |
1731.4% |
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Net Revenue |
2,919,662 |
3,042,220 |
122,558 |
4.2% |
Footnotes:
- Totals are reported in "000".
- Fy 2004 comparative report has changed. Current year totals are reported on the right of prior year.
- Totals do not include Insurance Premium Tax and Fees and Motor Vehicle License Taxes.
- Major tax categories are reported. Other taxes and fees are included in "Other Fees and Sales".
- 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.
- 2nd Motor Fuel taxes were $18M and $17M in September 2003 and 2002, respectively.