After a year of study, Georgia House and Senate leaders announced Wednesday that they’d back suspending a tax break for data centers and increasing requirements for film companies to receive one of the most lucrative tax credits in the country.
Introduction Over the last three years, Georgia has generated record budget surpluses. These surpluses have resulted in the state adding between 15 to 23% of total General Fund expenditures to its reserve accounts annually, reflecting unprecedented underestimates of state revenue
Transparency in the state tax code impacts Georgians and allows state policymakers to understand where taxpayer dollars are going. Through consistent evaluations, the state can provide the tools necessary for lawmakers to weigh decisions on tax incentives, just
Executive Summary Georgians deserve a state government that meets its obligations fully. Through a deliberative appropriations process, policymakers can allocate a historic level of resources to address the most critical needs facing Georgia families. The massive amount of
Budget Trends The $32.4 billion state budget signed into law by Gov. Kemp for fiscal year (FY) 2024, which starts July 1, 2023, represents a relatively flat level of spending that remains well below the state’s capacity and falls short
Introduction Georgia’s 2024 fiscal year (FY) runs from July 1, 2023, through June 30, 2024. The total available funding to the state is $55.9 billion. That includes $32.4 billion in state funding, $17.9 billion in federal funding and $11 billion
With Gov. Brian P. Kemp’s signature, Georgia’s Fiscal Year (FY) 2024 budget became law ahead of the state’s next fiscal year, which begins on July 1, 2023. However, Gov. Kemp’s approval of the spending plan was accompanied by a wave
Introduction After two consecutive years of record budget surpluses—generated in part by persistent austerity—Gov. Brian P. Kemp’s proposed $32.5 billion budget for Fiscal Year (FY) 2024 offers a muted response to deep deficits in the capacity of state government to
Last month, Georgia’s Department of Revenue released its report of unaudited tax collections for Fiscal Year (FY) 2022, which ended on June 30, indicating that the state will once again run a surplus that leaves it with a record level
House Bill 1437, signed into law by Gov. Kemp after a final version emerged during the last hours of Sine Die 2022, sets Georgia on course to make fundamental changes to its income tax that primarily benefit the
The Georgia Budget & Policy Institute works to advance lasting solutions that expand economic opportunity and well-being for all Georgians.
Georgia Budget & Policy Institute
GBPI is committed to tracking how the state of Georgia raises and spends fiscal resources. As the federal government has promised and provided some of these, cuts to programs and funding on the federal level could have deep and lasting impacts on Georgians and on the state’s ability to meet the needs of all its residents.
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