Budget and Taxes Policy Areas Reports Adding Up the Fiscal Notes: House and Senate Improve Short-Term Fiances, but Pass Revenue Drains on Future Budgets May 17, 2010 / January 15, 2020 by GBPI Staff The General Assembly took some positive steps to address the $5 billion deficit. However, they continued passing long-term tax cuts during this Great Recession ($624 million a year), disregarded other revenue options, and shifted the cost of services onto the middle- and low- income. If the gov vetoes HBs 1023 and 1069, he will prevent […] Read more » Adding Up the Fiscal Notes budget deficit HB 1023 HB 1069 House Bill 1023 House Bill 1069 Report State Budget State Taxes
Budget and Taxes Policy Areas Reports Overview of the House of Representatives Proposed FY 2011 Budget April 16, 2010 / January 15, 2020 by GBPI Staff The House’s version of the FY 2011 budget balances the budget by incorporating additional budget cuts than that of the governor’s proposed FY 2011 budget. Compared to the pre-recession FY 2009 budget, the House version includes cuts totaling 17.8 percent, or $3.6 billion. In the long term, and in light of billion $ deficit projected […] Read more » budget deficit FY 2011 Report State Budget
Budget and Taxes Fact Sheets Policy Areas Increasing the Tobacco Tax Brings Signficant Revenue, Prevents Cuts March 17, 2010 / January 15, 2020 by GBPI Staff Georgia’s Tobacco Revenue is likely to more than double if HB 39 passes, despite declining sales without new revenues, Georgia is facing multi-billion dollar deficits in FY 2011 and FY 2012. The state is already experiencing deep cuts to essential services. Lawmakers should pass House Bill 39 as part of a balanced approach to addressing […] Read more » budget deficit Fact Sheet FY 2011 FY 2012 HB 39 House Bill 39 State Taxes Tobacco Tax
Budget and Taxes Fact Sheets Policy Areas Spending Cuts Harm Georgia’s Economy More Than Targeted Tax Increases March 3, 2010 / January 15, 2020 by GBPI Staff Lawmakers should close the deficit and protect local economies by raising more revenues: “It is important not to crush state budgets by relying solely on spending cuts,” said Zandi of Moody’s Economy.com. Download the PDF. Read more » budget deficit Fact Sheet spending cuts State Budget State Taxes tax increases
Budget and Taxes Fact Sheets Policy Areas Why Revenues are Falling and What Georgia Can do About It February 12, 2010 / January 15, 2020 by GBPI Staff The state budget deficit is due to a lack of revenues. State revenue collections, as a percentage of personal income, have declined dramatically over the past 10 years. As Georgians’ incomes have increased, the amount the state collects has not kept pace.Without new revenues, Georgia is facing an additional $2.6 billion deficit in FY 2012, […] Read more » budget deficit Fact Sheet revenues State Budget
Budget and Taxes Fact Sheets Policy Areas The Only Solution to Georgia’s Multi-Billion Dollar Shortfall Is a Balanced Approach February 12, 2010 / January 15, 2020 by GBPI Staff Georgia’s budget crisis is not due to funding the wrong priorities or waste and inefficiency. Georgia has a revenue problem. To avoid devastating cuts to such vital government services as education, healthcare, and public safety, Georgia needs a balanced approach to the budget crisis, an approach that includes additional revenues, not just budget cuts. Download […] Read more » budget deficit Fact Sheet revenues State Budget
Budget and Taxes Fact Sheets Policy Areas Deep Cuts are NOT Georgia’s Only Option February 12, 2010 / January 15, 2020 by GBPI Staff Using a more balanced approach to budgeting would reduce the cuts, such as budgeting additional revenues through increasing the cigarette tax,enacting a new top income tax rate, improving tax collections, suspending or ending tax breaks, increasing fees, and closing corporate loopholes. Without new revenues, Georgia faces an additional $2.6 billion deficit in FY 2012, according […] Read more » Budget & Taxes budget deficit cigarette tax Fact Sheet Income Tax State Budget tax breaks
