Tuesday, September 12, 2006 Contact: Office of Communications 404-651-7774 Governor Perdue Announces August Revenue Figures ATLANTA Governor Sonny Perdue announced today that net revenue collections for the month of August 2006 (FY07) totaled $1,305,342,000 compared to $1,296,959,000 for August 2005 (FY06), an increase of $8,383,000 or 0.6 percent. The percentage increase year-to-date for FY07 compared to FY06 is 6.5 percent. GEORGIA DEPARTMENT OF REVENUE Comparative Net Revenue Collections (unaudited - 000's) Tax Revenues: Income Tax - Individual Sales and Use Tax - General: Sales and Use Tax - Gross Local Sales Tax Distribution Sales Tax Refunds/Adjustments Net Sales and Use Tax - General Motor Fuel Taxes: Prepaid Motor Fuel Sales Tax Motor Fuel Excise Tax Total Motor Fuel Taxes Income Tax - Corporate Tobacco Taxes Alcohol Beverages Tax Estate Tax Property Tax Motor Vehicle - Tag, Title & Fees Total Tax Revenues Other Revenues: Other Fees and Sales Total Taxes/Other Revenues For the Month Ended August August 2005 (FY 2006 2006) (FY 2007) $638,789 $641,777 $834,743 $(327,847) $(8,636) $498,260 $912,286 $(400,506) $(7,151) $504,629 $34,264 $42,481 $76,745 $20,009 $19,536 $11,830 $1,501 $1,849 $28,552 $1,297,071 $42,968 $39,376 $82,344 $5,906 $21,753 $11,325 $641 $1,735 $27,044 $1,297,154 $(112) $1,296,959 $8,188 $1,305,342 $ Change $2,988 $77,543 $(72,659) $1,485 $6,369 $8,704 $(3,105) $5,599 $(14,103) $2,217 $(505) $(860) $(114) $(1,508) $83 $8,300 $8,383 GENERAL FUND Tax Revenues: Income Tax - Individual Year-to-date FY 2006 FY 2007 $1,140,474 $1,240,317 $ Change $99,843 % Change 0.5% 9.3% -22.2% 17.2% 1.3% 25.4% -7.3% 7.3% -70.5% 11.3% -4.3% -57.3% -6.2% -5.3% 0.0% -7410.7% 0.6% % Change 8.8% Sales and Use Tax - General: Sales and Use Tax - Gross Local Sales Tax Distribution Sales Tax Refunds/Adjustments Net Sales and Use Tax - General Motor Fuel Taxes: Prepaid Motor Fuel Sales Tax Motor Fuel Excise Tax Total Motor Fuel Taxes Income Tax - Corporate Tobacco Taxes Alcohol Beverages Tax Estate Tax Property Tax Motor Vehicle - Tag, Title & Fees Total Tax Revenues Other Revenues: Other Fees and Sales Total Taxes/Other Revenues $1,649,165 $(665,018) $(28,334) $955,813 $62,741 $82,532 $145,273 $40,611 $28,376 $24,552 $2,112 $2,641 $48,611 $2,388,463 $1,694 $2,390,157 $1,798,255 $(748,437) $(32,195) $1,017,623 $78,578 $81,708 $160,286 $(2,140) $30,043 $26,554 $250 $2,341 $48,635 $2,523,909 $22,346 $2,546,255 $149,090 $(83,419) $(3,861) $61,810 $15,837 $(824) $15,013 $(42,751) $1,667 $2,002 $(1,862) $(300) $24 $135,446 $20,652 $156,098 9.0% -12.5% -13.6% 6.5% 25.2% -1.0% 10.3% -105.3% 5.9% 8.2% -88.2% -11.4% 0.0% 5.7% 1219.1% 6.5% Footnotes: 1. For press release purposes only, DOR realigned the reporting of Sales and Use Tax as shown above. Beginning this fiscal year, the Local distributions now reflects the distribution for the month the collection occurred. For the current month, the distribution was determined using a weighted average % of the current month collections. All preceding month distributions will be adjusted by the over/under estimations. 2. Other Fees and Sales include taxes and fees that have been deposited in the bank, but the returns have not been processed. It also includes unclaimed property collections. # # #