State Support for Private Sector Remains High
Georgia plans to spend about $683 million on various tax breaks and economic development programs to subsidize private businesses in the upcoming 2015 fiscal year. This high level of support for Georgia’s private sector is an annual recurrence. Each year, state lawmakers spend hundreds of millions of dollars subsidizing companies that do business in Georgia. Some of it is spent through so-called “deal-closing” programs funded through the annual budget process, but most is spent through special carve-outs in the state tax code. Download the full report.
