Responding to Georgia’s low projected revenues for this upcoming fiscal year, Georgia legislators and the governor agreed to cut $33.5 million in State General Funds from the Department of Human Services (DHS) fiscal year 2011 General Budget compared to the
Adding Up the Fiscal Notes: House and Senate Improve Short-Term Fiances, but Pass Revenue Drains on Future Budgets
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
Both the House and Senate largely kept the governor’s cuts for this current fiscal year and what he proposed for next year in their FY 2011 budgets. This report highlights the differences between the two chambers. Download PDF.
This report documents the Senate’s amendment to a house bill that raises taxes on the poorest during this recession, but leaves intact a credit for corporations. It includes a chart showing that low and middle-income Georgians already pay a higher
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,
More than 1 million Georgia taxpayers claimed the Low Income Tax Credit in 2007, receiving $29 million in credits. If legislators eliminate the refundable portion of the credit, they will be cutting the Low Income Tax Credit by two-thirds, lowering
Georgia is one of a few states that allows a deduction for state income taxes for filers who itemize. Repealing it would bring in an estimated $450 million, which in K-12 education alone, could have prevented the six furlough days
Education does not escape the governor’s proposed cuts to agencies for the upcoming year. Adjusted for inflation, per student state spending on K-12 education and the University System will fall to their lowest levels in a decade.
The Department of Human Services is facing a wide variety of budget cuts in the FY 2011 budget proposal. These cuts come on top of the cuts already implemented in the FY 2010 budget.
Due to the “Great Recession,” state revenues have continued to decline through the first six months of the current fiscal year (FY 2010). This decline is resulting in a FY 2010 budget shortfall of an additional $1.4 billion, for a