Georgia families will be able to save substantially more for future education expenses under two major changes to the state’s Path2College 529 Plan.
Georgia’s net tax collections fell in June, but the state still ended Fiscal Year 2026 slightly ahead of the previous year.
According to the Governor’s Office, June net tax revenue totaled nearly $2.95 billion, down $215.1 million, or 6.8 percent, compared to June of last year. However, year-to-date collections through June 30 totaled $33.75 billion, an increase of $129.5 million, or 0.4 percent, over Fiscal Year 2025.
State officials say the monthly comparison was heavily affected by Georgia’s motor fuel excise tax suspension, which began March 20 and remained in effect until June 3. Without the motor fuel tax impact, June revenues were down only 0.6 percent, while full-year collections were up nearly 1.6 percent.
Individual income tax collections were down 6.7 percent in June, while sales tax collections increased 6.8 percent and corporate income tax collections rose 7 percent. Motor fuel tax collections dropped 98.5 percent, reflecting the temporary suspension ordered by Governor Brian Kemp.
Motor vehicle tag and title fees and title ad valorem tax collections were also down compared to June 2025.
Georgia Governor Brian Kemp and First Lady Marty Kemp are leading an international economic development mission this week to Scotland and Ireland, where they are meeting with business leaders and government officials to strengthen relationships and encourage additional investment in Georgia.
The delegation includes representatives from the Georgia Department of Economic Development and will meet with executives from Hyundai Motor Group, whose investments in Georgia represent the largest economic development project in state history. The Governor is also scheduled to meet with Irish Prime Minister Micheál Martin and visit several companies with operations in Georgia.
Among the companies participating are Kerry Group, which operates food-processing facilities in Rome and Calhoun, along with CRH, Kingspan Group, Mallaghan, and Smurfit Westrock. The delegation will also tour the Georgia Southern University Wexford Campus to promote educational and economic partnerships between Georgia and Ireland.
Governor Kemp said the trip is focused on creating new jobs and expanding opportunities for hardworking Georgians through continued international investment.
Governor Brian Kemp recently met privately with executives from OpenAI and Georgia Power as state leaders continue exploring Georgia’s role in the rapidly expanding artificial intelligence industry. According to documents obtained through the Georgia Open Records Act, the meeting took place on June 11 at the State Capitol, although neither the Governor’s Office nor OpenAI disclosed what was discussed.
Governor Brian P. Kemp has announced the fourth round of Rural Site Development Initiative (RSDI) grants, awarding $7.8 million to ten projects across Georgia to help rural communities prepare industrial sites for future business recruitment and job creation. With this latest round, the state has now invested $28 million in rural site development since the program was launched in Fiscal Year 2025.
More than 120 new laws passed by the Georgia General Assembly will officially take effect Wednesday, July 1, bringing a wide range of changes that will impact consumers, public safety, agriculture, criminal justice, financial institutions, and businesses across the state.
The Georgia General Assembly adjourned its 2026 special session on Tuesday, June 23, after completing legislative work outlined in Governor Brian Kemp’s special session proclamation.
Students and recent graduates interested in public service and state government now have an opportunity to gain firsthand experience inside Georgia’s Executive Office.
Georgia House Speaker Jon Burns has informed Governor Brian Kemp that the Georgia House will not take up congressional or legislative redistricting during the state’s upcoming special legislative session.
Georgia’s temporary suspension of the state motor fuel tax contributed to a significant decline in tax collections during May, according to state revenue figures.
State officials reported that net tax revenues for May declined by 12.6 percent compared to the same month a year ago. The decrease comes after Georgia suspended its motor fuel excise tax for part of May in an effort to provide relief to drivers facing higher fuel costs. The suspension remained in effect through June 2.
The gas tax holiday temporarily removed Georgia’s fuel excise tax, which currently amounts to about 33 cents per gallon on gasoline. State leaders said the suspension was intended to help offset rising fuel prices and reduce costs for consumers at the pump.
While the suspension provided relief for motorists, it also reduced one of the state’s major sources of transportation-related revenue. The tax is normally collected at the wholesale level and helps fund transportation and infrastructure projects throughout Georgia.
The gas tax suspension officially expired on June 3, and state officials have indicated it will not be extended. As a result, motorists across Georgia may continue to see fuel prices fluctuate throughout the summer as the tax returns and market conditions evolve.