Overview of Georgia’s 2016 Fiscal Year Budget

The $21.8 billion budget proposed for Georgia’s 2016 fiscal year projects revenue growth of about 4.2 percent in the state’s main account for services such as education and public safety, the general fund. That’s $834 million more than the recently revised 2015 revenue estimate. State revenues are above pre-recession levels, but the proposed budget still incorporates in its base several billion dollars in cuts to state programs and services made since 2007. The proposed 2016 state budget is still $3 billion below the 2007 fiscal year levels, on an inflation-adjusted per capita basis.  Download the full report.