Budget and Taxes Fact Sheets Capital Gains Tax Breaks, 2010 April 1, 2010 / January 15, 2020 by GBPI Staff Capital gains tax preferences are costly, inequitable, and ineffective. They deprive states of millions of dollars in needed funds, benefit almost exclusively the very wealthiest members of society, and fail to promote economic growth in the manner their proponents claim. Download the PDF. Read more » Capital Gains Tax Breaks Fact Sheet State Taxes
Budget and Taxes Fact Sheets Policy Areas Most Drastic Cuts Endanger Those Hurt By The Recession. March 26, 2010 / January 15, 2020 by GBPI Staff Governor Perdue recently ordered three percent more in cuts to the Department of Human Services (DHS), which is charged with protecting the most vulnerable Georgians, such as abused children and the elderly. Download the PDF. Read more » Department of Human Services Fact Sheet State Budget State Taxes
Budget and Taxes Reports House Bill 1219 Singles Out the Poorest Georgians to Tax March 24, 2010 / January 15, 2020 by GBPI Staff 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 the total credits to low-income Georgians by $21.8 million, according to the fiscal note to […] Read more » HB 1219 House Bill 1219 Low Income Tax Credit Report State Taxes
Budget and Taxes Fact Sheets Policy Areas Increasing the Tobacco Tax Brings Signficant Revenue, Prevents Cuts March 17, 2010 / January 15, 2020 by GBPI Staff 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 services. Lawmakers should pass House Bill 39 as part of a balanced approach to addressing […] Read more » budget deficit Fact Sheet FY 2011 FY 2012 HB 39 House Bill 39 State Taxes Tobacco Tax
Budget and Taxes Policy Areas Reports Sensible Tax Change to State Income Tax Would Raise $450 Million March 11, 2010 / October 13, 2026 by GBPI Staff Download PDF 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 and additional cuts to the education funding formula in the amended budget. Repealing […] Read more » Budget & Taxes Income Tax Report State Budget state income tax State Taxes
Budget and Taxes Fact Sheets Policy Areas Georgia Has Many Revenue Options Other Than Deep Cuts March 3, 2010 / January 15, 2020 by GBPI Staff 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. Read more » Budget Budget & Taxes Budget Cuts Fact Sheet frevenue options State Budget
Budget and Taxes Fact Sheets Policy Areas Spending Cuts Harm Georgia’s Economy More Than Targeted Tax Increases March 3, 2010 / January 15, 2020 by GBPI Staff 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. Read more » budget deficit Fact Sheet spending cuts State Budget State Taxes tax increases
Budget and Taxes Fact Sheets Policy Areas Cutting Education Is NOT the Only Option February 24, 2010 / January 15, 2020 by GBPI Staff 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 K-12 schools, more adjunct faculty at colleges and universities instead of full-time faculty, cuts in […] Read more » Education Fact Sheet State Budget
Budget and Taxes Fact Sheets Policy Areas Deep Cuts in the Frontline February 23, 2010 / January 15, 2020 by GBPI Staff 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. Read more » Budget Budget & Taxes Budget Cuts Department of Human Services Fact Sheet State Budget
Budget and Taxes Policy Areas Reports Last Chance for Policymakers to Fund Forest Land Protection Act Reimbursements February 22, 2010 / October 13, 2026 by GBPI Staff Download 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 of revenue, beyond the cuts to formula funding experienced across districts. Read more » Forest Land Protection Act Reports State Budget
