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State Budget

New GBPI Budget Primer Previews 2017 as State Closes Out 2016

July 22, 2016
State tax collection rose 9.4 percent in the just-ended 2016 fiscal year, or nearly $1.8 billion more than the prior year. About $744 million of that is from a new revenue system that kicked in last July to pay for long deferred road and bridge maintenance. Georgia’s governor announced those… [Read more]

Georgia Budget Primer 2017

July 19, 2016
Where does the money for Georgia’s $23.7 billion budget come from this year? How has the new transportation funding package affected state revenue? Is Georgia finally funding K-12 education at the level called for in its own formula? GBPI’s “Georgia Budget Primer 2017” answers these questions and many more in… [Read more]

State Revenue Gain Offers Possibilities

June 10, 2016
As we near the close of the 2016 fiscal year, we can breathe a sigh of relief. The bad days of the Great Recession are distant in the rear view mirror as revenue growth remained strong all year long.  Georgia collected 9.9 percent more through the first 11 months of… [Read more]

More Needed for Schools, Health Care After $23.7B Budget Kicks in July 1

May 10, 2016
Gov. Nathan Deal  just signed the state’s budget for the 2017 fiscal year that kicks in this July and once again we heard that the $23.7 billion spending plan represents a “record budget.”  While the recently signed budget promises to move the state forward in many ways, it is important… [Read more]

Lawmakers Reject Major Tax Cuts, OK Modest Tax Breaks

May 6, 2016
Adding Up the Fiscal Notes: 2016 Legislative Session Recap Gov. Nathan Deal just signed into law several pieces of tax legislation state lawmakers passed in the 2016 session that will affect state revenue to varying degrees for years. One of the bills is a housekeeping measure Georgia must pass each… [Read more]

Income Tax Legislation Threatens Georgia’s Stellar Bond Rating

March 14, 2016
Managing Georgia’s finances in a responsible way is one of the most sober and sacred responsibilities of state lawmakers. Families and businesses in Georgia’s largest cities and smallest towns can’t thrive unless lawmakers are able to raise sufficient tax revenue, or to borrow money at decent rates. Our elected state… [Read more]

Senate Adds $10 M Startup Fund, Boosts Nurse Pay in Revised Budget Today

March 10, 2016
The Georgia Senate passed the latest version of the state’s $23.7 billion budget for the fiscal year that starts in July, with the biggest addition a $10 million injection into the Invest Georgia economic development program. For the most part, senators only tinkered with the spending plan passed by the… [Read more]

Adding Up 2016: Tax Breaks, Income Tax Cuts Could Harm Georgia Finances

March 9, 2016
A variety of tax bills await further consideration by state legislators as the Georgia General Assembly enters its final few weeks of the 2016 session. There are 11 tax bills affecting state revenues still alive after Crossover Day, the point where bills must clear at least one legislative chamber to… [Read more]

Fact Sheet: House Bill 238 gives hands a big tax break to a small sliver of wealthy Georgians

March 4, 2016
House Bill 238 gives hard working middle-class families just a few extra dollars a month, yet hands a big tax break to a small sliver of wealthy Georgians Georgia’s tax system falls most sharply on low- and moderate-income families. HB 238 does nothing to change that. The 80 percent of… [Read more]

Tax cut proposal to benefit wealthiest Georgians, jeopardize funding for schools, roads and more

March 4, 2016
Twin income tax cut proposals that promise a big tax break for wealthy Georgians and little for everyone else are careening toward legislative approval this month. If enacted, House Bill 238 and Senate Resolution 756 will stymie Georgia’s investment in quality public schools, hospitals, services for children and seniors, and… [Read more]