Budget and Taxes Daniel Kanso, PhD Economic Justice Education Featured Reports Georgia’s $16 Billion Question: Will the State Equitably Invest in Its People? October 31, 2023 / October 31, 2023 by Daniel Kanso, PhD 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 general fund reserves held by the state of Georgia—which exceeded $16 billion at the conclusion […] Read more » bonuses budget practices Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy Georgia Economy georgia-budget public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds Undesignated Reserves Workforce Needs
GBPI In The News Georgia Gov. Brian Kemp dangles the possibility of increased state spending after years of surpluses August 2, 2023 / August 9, 2023 by Anthony Hill ATLANTA (AP) — Georgia Gov. Brian Kemp said Wednesday he’s ready to loosen the purse strings after years of huge budget surpluses, reaped partly by holding down spending despite strong state revenue. In a yearly memo that kicks off the state budget process, Richard Dunn, director of the Office of Planning and Budget, told state […] Read more » Budget Surplus revenue estimate tax and budget
GBPI In The News Still in the money: Georgia government will pocket another $5 billion budget surplus July 12, 2023 / July 31, 2023 by Anthony Hill Georgia will collect another $5 billion in surplus revenue after the just-concluded budget year, which could leave lawmakers and Gov. Brian Kemp with more than $10 billion in extra cash to spend, invest or give back to taxpayers. That’s about $1,000 for every Georgia resident. It’s the third year of huge surpluses, after $3.7 billion […] Read more » Budget Surplus revenue estimate tax and budget
GBPI In The News Taxes in Georgia fall in April, but budget picture still bright May 10, 2023 / May 19, 2023 by Anthony Hill Georgia remains on track for another budget surplus, even after the state’s tax revenues fell in April. The state has collected $27.8 billion in General Fund revenue through April, according to figures released Tuesday by Gov. Brian Kemp. That’s only about 1% more than last year, with revenue growth slowing down after running red hot […] Read more » Budget Surplus revenue estimate Revenue Shortfall Reserve surplus tax and budget
Budget and Taxes Daniel Kanso, PhD Reports Overview of Georgia’s 2024 Fiscal Year Budget January 25, 2023 / January 25, 2023 by Daniel Kanso, PhD 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 meet Georgians’ needs. The governor forecasts a sharp drop in tax collections from FY 2022 […] Read more » Budget Budget & Taxes Budget Surplus State Budget
