The State of Georgia says net tax collections in December totaled $3.44 billion. That’s up by about $101 million, or 3 percent, compared to December of last year.
Gov. Brian Kemp delivered his final State of the State address this week at the Georgia Capitol, using the annual speech to lay out what he wants lawmakers to prioritize as he enters the home stretch of his second term. In front of a joint session of the General Assembly, Kemp struck an upbeat tone about Georgia’s economy and growth, while arguing the next set of decisions should center on affordability for families, long-term competitiveness for the state, and keeping Georgia “open for business” in a changing national landscape.
A Georgia state Senate committee tasked with charting a path to eliminate the state income tax is set to meet Wednesday, Jan. 7, to adopt its final report — a move that could tee up major tax legislation when lawmakers return to Atlanta for the 2026 legislative session later this month.
Fewer Americans applied for unemployment benefits last week, a signal that layoffs remain relatively low even as other indicators show the job market cooling.
Northwest Georgia’s unemployment rate declined in September, with new figures showing the rate down two-tenths to 3.2%, according to Labor Commissioner Bárbara Rivera Holmes. “Unemployment in Georgia dropped across nearly every region in September,” Holmes said. “As we approach the end of the year, we’re staying focused on keeping workers ready, businesses strong, and opportunity growing across the state.”
Georgia’s economy is expected to remain under pressure heading into 2026, with the risk of recession nearly a coin toss, according to the 43rd annual forecast from the University of Georgia’s Selig Center for Economic Growth. The report places the odds of a recession in Georgia at 49%, noting that the economy is struggling and could tip into a downturn with only a modest shock.
Georgia Tax Collections Edge Up in November, But Storm-Related Fuel Tax Changes Cloud the Comparison
Georgia’s net tax collections in November totaled nearly $2.4 billion, an increase of $22.4 million (0.9%) compared to the same month in FY 2025, when the state collected about $2.38 billion. For the fiscal year to date, Georgia’s net tax revenues reached nearly $13.28 billion, up $262.7 million (2.0%) from roughly $13.02 billion collected through November 2024.
As Thanksgiving approaches, many Georgia households are bracing for a holiday meal that, while offering some relief on the centerpiece, continues to strain their budgets. Despite a welcome dip in wholesale turkey prices, the overall cost of putting together a traditional feast remains a significant balancing act for families across the state, squeezed by persistent inflation on many other grocery staples.