As of August 1, 2020, the federal fiscal response to the COVID-19 pandemic includes two major legislative packages: the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES). FFCRA funded free COVID-19 testing,
Budget Basics Georgia’s 2021 fiscal year runs July 1, 2020 through June 30, 2021. The total budget available to the state is $48.2 billion. That includes $25.9 billion in state funding, $15.1 billion in federal funding and $7.1 billion in
The $25.9 billion state budget signed into law by Gov. Brian Kemp for the 2021 fiscal year starting July 1, 2020, represents a $2.2 billion overall decrease in state spending from last year. To implement the cuts, most state agencies
Each year, the Georgia Budget and Policy Institute analyzes tax legislation passed by the General Assembly and tallies estimated costs and new revenues in our two-part Adding Up the Fiscal Notes series. This analysis is a snapshot of
As a result of the COVID-19 pandemic, Georgia is facing an economic and fiscal crisis that threatens the state’s ability to fund critically needed programs and services. A state budget shortfall of $3 to $4 billion is projected in fiscal
Key Takeaways The coronavirus pandemic and resulting economic decline could lead to steep revenue shortfalls without sufficient federal aid. In order to address the effects of the coronavirus, Georgia leaders must prioritize long-term recovery with investments in health, education, the
Each year, the Georgia Budget and Policy Institute analyzes tax legislation considered by the General Assembly and tallies estimated costs and revenues in our two-part Adding Up the Fiscal Notes series. This analysis is a snapshot of the legislative state
Sharp Revenue Losses, Middle-Class Tax Increases Pay for Big Tax Cuts for Top Earners Members of the Georgia General Assembly are considering legislation, HB 949 (LC 43 1624S), to change the structure of the state’s income tax in ways that
Twelve days into the 2020 session of the Georgia General Assembly, legislators voted to take a week-long break from regular business to allow extra time for deliberations over Georgia’s fiscal priorities and annual appropriations bills. State leaders continue to express
Overview After a stretch of largely uninterrupted growth that saw state revenues climb by an annual average of 6 percent between fiscal years (FY) 2011 and 2019, many of Georgia’s agencies have been asked to make mandatory spending cuts.
Georgia Budget & Policy Institute
