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
Last month, Georgia’s Department of Revenue released its report of unaudited tax collections for Fiscal Year (FY) 2022, which ended on June 30, indicating that the state will once again run a surplus that leaves it with a record level
Budget Trends The $30.2 billion state budget signed into law by Gov. Kemp for FY 2023, which started July 1, 2022, represents a return to pre-pandemic levels of spending across most areas of government, albeit with state government employing nearly
Introduction Georgia plans to spend $30.2 billion in state money raised through taxes and fees for the 2023 fiscal year. This budget largely reflects a restoration of previous COVID-era budget cuts and represented a unique opportunity to invest in state
House Bill 1437, signed into law by Gov. Kemp after a final version emerged during the last hours of Sine Die 2022, sets Georgia on course to make fundamental changes to its income tax that primarily benefit the
Two of the biggest higher education investments and policy changes this year come through the Fiscal Year (FY) 2023 budget, which will go into effect on July 1, 2022: state funding of the Special Institutional Fee (SIF), and an increase
This year’s Legislative Session finished in a flurry of last-minute votes that extended late into the night on Sine Die, the last day the General Assembly meets each year. GBPI remained focused on our key priorities, fighting against policies that
Key Takeaways Members of the House and Senate are debating a series of major changes to Georgia’s personal income tax in HB 1437. Proposals to shift Georgia’s current graduated income tax, where rates increase from 1 to 5.75 percent as
Yesterday, March 15, marked Crossover Day 2022, the day by which a bill generally must pass out of its legislative chamber of origin to be considered by the other chamber this session. Several important bills passed out of their chamber
Members of the Georgia General Assembly are considering House Bill 1437 (LC 43 2318S), legislation that would fundamentally change the structure of the tax code and result in disproportionately large tax cuts for the wealthiest while hundreds of
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Georgia Budget & Policy Institute
