Crossover Day Report: Tax Revisions Worsen Georgia’s Short-Term Finances Georgia revenues are expected to drop by about $80 million during the current and upcoming budget years and that number could grow if legislators act on bills that are still pending
Two bills under consideration by the General Assembly would create an ambitious new economic development program, “Invest Georgia.” It would direct $100 million in state money over five years to improve Georgia businesses’ access to venture capital – an important
Contrary to rumors that working families don’t pay their fair share of taxes, Georgia’s state and local taxes actually take a much larger share of income from low- and middle-income families than from the wealthy. That’s among the findings of
Dubbed the Georgia Renaissance Act, House Bill 128 would create $30 million worth of new tax credits aimed at revitalizing local downtowns, making it one of Georgia’s costliest economic development programs. The proposal calls for a mix of tax incentives
State Raises Commitment to Economic Development, Shifts Money Around The overview of Georgia’s 2014 fiscal year budget for economic development report reviews the proposed 2014 budget and the impact it has on economic development. The governor’s proposals for the remainder
Tax-Side Spending for Economic Development Continues to Swell In addition to the nearly $100 million that Gov. Nathan Deal proposes to spend on economic development during the 2014 fiscal year, Georgia is also scheduled to commit another $289 million through
Over the past few years, sharply declining state revenues led to deep cuts in vital investments like education and transportation. Georgia cut nearly $2 billion worth of essential services since 2009 and the governor’s budget for the fiscal year that
Low Revenues Putting Georgia on a Path to Mediocrity Georgia is one of the most under-funded states in the country, but state lawmakers can remedy structural budget shortfalls by implementing revenue options used successfully by other states. Annual deep cuts
Though still not firing on all cylinders, Georgia’s economy continues to add jobs at a comparatively strong pace, according to new data from the U.S. Bureau of Labor Statistics. Georgia’s rate of job growth has exceeded the national average over
Posted by Wesley Tharpe Each year, GBPI’s State of Working Georgia report seeks to answer the question of how typical Georgia families are faring: Are they making enough to meet their basic needs? Are there enough jobs to go around?
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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