More than 1 million Georgia taxpayers claimed the Low Income Tax Credit in 2007, receiving $29 million in credits. If legislators eliminate the refundable portion of the credit, they will be cutting the Low Income Tax Credit by two-thirds, lowering
Georgia’s Tobacco Revenue is likely to more than double if HB 39 passes, despite declining sales without new revenues, Georgia is facing multi-billion dollar deficits in FY 2011 and FY 2012. The state is already experiencing deep cuts to essential
Georgia is one of a few states that allows a deduction for state income taxes for filers who itemize. Repealing it would bring in an estimated $450 million, which in K-12 education alone, could have prevented the six furlough days
Georgia Has Many Revenue Options Available: Lawmakers should avoid harming Georgia’s economy more by slashing vital services and decimating state government. Download the PDF.
Lawmakers should close the deficit and protect local economies by raising more revenues: “It is important not to crush state budgets by relying solely on spending cuts,” said Zandi of Moody’s Economy.com. Download the PDF.
Education comprises more than 50 percent of state spending; therefore, if lawmakers refuse to add new revenues to the state budget, the likely consequences for years to come are: larger class sizes in K-12 schools, less school days for some
The governor’s proposed state budget cuts for fiscal year 2011 total $116.5 million, or 18.2 percent, of the Department of Human Services’ (DHS) budget. Download the PDF.
The Amended Fiscal Year 2010 budget should contain the first state reimbursements to certain schools and counties for property tax exemptions provided in the Forest Land Protection Act of 2008. Without these funds, several rural school districts face another loss
The state budget deficit is due to a lack of revenues. State revenue collections, as a percentage of personal income, have declined dramatically over the past 10 years. As Georgians’ incomes have increased, the amount the state collects has not
Georgia’s budget crisis is not due to funding the wrong priorities or waste and inefficiency. Georgia has a revenue problem. To avoid devastating cuts to such vital government services as education, healthcare, and public safety, Georgia needs a balanced approach
The budget primer outlines the state budget for the year, recognizes substantial changes from the preceding year and provides a clear-eyed view on what lawmakers have prioritized for our state. This year, there will also be a focus on budget trends over the full eight years of Gov. Kemp’s tenure as we prepare for Georgia’s next leaders to take office.
Our budget primer is slated to be published the first day of the fiscal year, July 1. Join us for our virtual town hall to discuss our data, or request a physical copy of the primer to be sent to your address.
Submit public comment on Georgia’s Pathways to Coverage program extension by February 20th – just complete this easily fillable form:
