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
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
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
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
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
The Georgia Budget & Policy Institute works to advance lasting solutions that expand economic opportunity and well-being for all Georgians.
Georgia Budget & Policy Institute
