Georgia state tax collections finish more than $2 billion ahead of projections, buoying surplus - Statesboro Herald

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Georgia state tax collections finish more than $2 billion ahead of projections, buoying surplus

Georgia Gov. Brian Kemp, front left, and first lady Marty Kemp, applaud, May 7, 2024, after the governor signed a $36.1 billion budget for fiscal year 2025, which begins July 1. Kemp's administration reported on Friday, July 12, that tax collections for the 2024 year, while down slightly, finished more than $2 billion ahead of administration projections. That means Georgia will have more surplus cash than planned. (JOHN SPINK/Atlanta Journal-Constitution via AP/file)

Georgia tax collections surplus — Georgia Gov. Brian Kemp, front left, and first lady Marty Kemp, applaud, May 7, 2024, after the governor signed a $36.1 billion budget for fiscal year 2025, which begins July 1. Kemp's administration reported on Friday, July 12, that tax collections for the 2024 year, while down slightly, finished more than $2 billion ahead of administration projections. That means Georgia will have more surplus cash than planned. (JOHN SPINK/Atlanta Journal-Constitution via AP/file)

ATLANTA — Georgia's tax collections ran more than $2 billion ahead of projections for the budget year that ended June 30, even though tax revenues fell slightly.

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