Georgia Tax Revenue Sees Sharp Decline in October, Impacting State Finances

Georgia Tax Revenue Sees Sharp Decline in October, Impacting State Finances

Overall net tax collections for October amounted to $2.62 billion, marking a 3.1% drop from the previous year, translating to $84.4 million less in Georgia tax revenue. Georgia tax revenue took a hit in October, with officials reporting a substantial decrease in income tax collections and a surge in income tax refunds, resulting in a … Read more