Budget and Taxes Economic Justice Press Releases & Statements PRESS RELEASE: GBPI Releases Statement in Response to Georgia’s 2023 Report of Revenues and Reserves, Record $10.7 Billion in ‘Undesignated Surplus’ October 17, 2023 / October 18, 2023 by Lauren Frazier ATLANTA, GEORGIA — Today, the Georgia Budget and Policy Institute (GBPI) released a statement in response to Georgia’s year-end FY 2023 report of revenues and reserves. The state raised $37.7 billion in total state funds, substantially exceeding the $32.6 billion estimate made by Gov. Kemp by $5.1 billion. Further, state agencies remitted an additional $501 […] Read more » Budget Alignment Budget Imbalance Budget Recommendations child care Financial Investment Fiscal Analysis Fiscal Policy FY 2024 Projection FY2023 Georgia Finances georgia-budget governor kemp health-care rainy day fund Reserve Accounts Revenue And Reserves Revenue Shortfall Reserve School Buses State Budget State Government Surplus Funds Tax Revenue Drop Tax Revenues Undesignated Reserves Workforce Needs
Budget and Taxes Coronavirus Daniel Kanso, PhD Fact Sheets Georgia Needs a Three-Pronged Approach to Funding Long-Term COVID Relief February 18, 2021 / February 18, 2021 by Daniel Kanso, PhD Compared to the Fiscal Year (FY) 2020 budget, which was approved before the COVID-19 pandemic, Georgia’s FY 2022 budget, which takes effect July 1, 2021, includes $1.2 billion in continued budget cuts due to a state revenue shortfall caused by the pandemic. At a time when millions of families are experiencing heightened needs due […] Read more » federal relief rainy day fund revenue raisers Revenue Shortfall Reserve
Alan Essig Blog Budget and Taxes May Revenue Review: Revenue Growth Insufficient to Fund Reserves June 7, 2012 / January 17, 2020 by Alan Essig | 1 Comment on May Revenue Review: Revenue Growth Insufficient to Fund Reserves Posted by Alan Essig Although revenue has increased 5.1 percent over the first 11 months of the current fiscal year, the revenue growth is inadequate to increase funds to the Revenue Shortfall Reserve (RSR) or fully fund the Education Mid-Year Adjustment Reserve. The economic health of Georgia depends on developing a fiscal plan that produces […] Read more » Alan Essig Blog Education Mid-Year Adjustment Reserve FY 2013 rainy day fund revenue growth Revenue Shortfall Reserve RSR State Budget
Alan Essig Blog Budget and Taxes March Revenue Review: Revenue Growth Insufficient to Fund Reserves April 10, 2012 / January 16, 2020 by Alan Essig | 1 Comment on March Revenue Review: Revenue Growth Insufficient to Fund Reserves In order to grow jobs and maintain a strong economy Georgia policy makers need to get Georgia’s fiscal house in order. Maintaining our AAA bond rating and making the investments in education, transportation, and healthcare are vital for a strong state economy and robust job growth. The March revenue report shows a slight increase in […] Read more » rainy day fund revenue report Revenue Shortfall Reserve RSR State Budget
Budget and Taxes Fact Sheets Policy Areas Rebuilding Georgia’s Rainy Day Fund is Key to Long-Term Budget Stability February 11, 2010 / January 15, 2020 by GBPI Staff Over the next three to five years, the state needs between $1.5 billion and $2 billion in surpluses to rebuild the Revenue Shortfall Reserve (RSR). In order to do so, lawmakers should take a balanced approach to state budgeting that includes additional revenues. Download the PDF. Read more » Fact Sheet rainy day fund Revenue Shortfall Reserve RSR State Budget
