Tax Measures Further Whittle Away Revenues
A collection of tax measures that could drain up to $286 million from Georgia’s state treasury and $207 million from its local governments over the next five years gained the approval of the General Assembly this year. Although not as large as some past tax packages, the foregone revenue creates more hurdles for state and local lawmakers to clear to meet the needs of Georgians struggling from years of budget cuts. This is especially true given the Legislature’s approval of Senate Resolution 415, which could tie Georgia’s hands for the future by capping the state’s income tax through constitutional amendment. Download the report.