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Welcome to the
Fayette
Front Page... a better side of news for the citizens of Fayette County!
First to bring you complete daily community news you can use. Enjoy some
of the best news in the county and the state of Georgia! |
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We cannot live only for ourselves. A thousand
fibers connect us with our fellow-men; and along those fibers, as
sympathetic threads, our actions run as causes, and they come back to us as
effects.
- Henry Melville |
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Six essential qualities that
are the key to success: Sincerity, personal integrity, humility, courtesy,
wisdom, charity. - William Menninger |
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Revenue Increases more than Nine
Percent, Surplus for Education and Rainy Day Fund
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| 7-20-06 Governor
Sonny Perdue announced today that the state of Georgia has a $580
million budget surplus for FY06. Governor Perdue’s top priorities
for the budget surplus are education and increasing the state’s
rainy day fund.
“Of the $580 million budget surplus, $173
million will go to education in the mid-year adjustment,” said
Governor Sonny Perdue. “The rest is going in the bank for our
state’s future – more than $400 million bringing our reserve fund
to $665 million.”
Revenue collections for FY06 increased 9.3
percent over FY05. For the month of June 2006 (FY06), revenue
collections totaled $1,598,202,000 compared to $1,523,037,000 for
June 2005 (FY05), an increase of $75,165,000 or 4.9 percent.
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GEORGIA DEPARTMENT
OF REVENUE |
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Comparative
Net Revenue Collections (unaudited - 000's) |
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For the
Month Ended
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June
2005 (FY 2005)
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June
2006 (FY 2006)
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$ Change
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% Change |
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Tax Revenues: |
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Income Tax -
Individual |
$695,729
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$750,639
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$54,910
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7.9% |
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Sales and Use
Tax - General: |
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Sales and Use
Tax - Gross |
$815,368
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$937,437
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$122,069
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15.0% |
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Local Sales
Tax Distribution |
$(310,077) |
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$(394,782) |
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$(84,705) |
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-27.3% |
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Sales Tax
Refunds/Adjustments |
$(927) |
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$(23,942) |
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$(23,015) |
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-2482.7% |
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Net Sales and
Use Tax - General |
$504,364
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$518,713
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$14,349
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2.8% |
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Motor Fuel
Taxes:
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Prepaid Motor
Fuel Sales Tax |
$32,031
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$33,050
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$1,019
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3.2% |
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Motor Fuel
Excise Tax
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$41,245
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$38,184
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$(3,061) |
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-7.4% |
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Total Motor
Fuel Taxes |
$73,276
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$71,234
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$(2,042) |
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-2.8% |
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Income Tax -
Corporate |
$155,558
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$158,758
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$3,200
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2.1% |
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Tobacco Taxes |
$36,224
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$32,322
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$(3,902) |
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-10.8% |
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Alcohol
Beverages Tax |
$20,439
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$17,313
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$(3,126) |
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-15.3% |
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Estate Tax |
$5,608
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$89
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$(5,519) |
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-98.4% |
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Property Tax
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$1,347
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$2,082
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$735
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54.6% |
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Motor Vehicle
- Tag, Title & Fees |
$21,283
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$23,608
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$2,325
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10.9% |
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Total Tax
Revenues |
$1,513,828
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$1,574,758
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$60,930
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4.0% |
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Other
Revenues: |
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Other Fees
and Sales |
$9,209
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$23,444
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$14,235
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-154.6% |
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Total
Taxes/Other Revenues |
$1,523,037
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$1,598,202
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$75,165
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4.9% |
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Year-to-date
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$ |
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% |
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GENERAL FUND |
FY 2005 |
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FY 2006 |
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Change |
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Change |
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Tax Revenues: |
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Income Tax -
Individual
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$7,284,787
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