Republican state leaders announced Monday that they plan to fast track a planned reduction of the state’s income tax rate. Lawmakers passed a plan last year to gradually phase in reductions to the state’s income tax rate over time if certain economic
ATLANTA, GEORGIA – Today, the Joint Tax Credit Review Panel of the 2023 Georgia General Assembly held their final public meeting at the capital as part of their statewide tour. This panel was Co-Chaired by Representative Shaw Blackmon (Chair, House Ways and
When the state announced earlier this month that it was sitting on a mountain of tax money, the one given, considering how Gov. Brian Kemp and Republican legislative leaders have reacted to past surpluses, is that Georgians will likely be in
ATLANTA, GEORGIA – Danny Kanso, Senior Fiscal Analyst at the Georgia Budget & Policy Institute, has recently published a report on Georgia’s staggering surplus of $16 billion, as of the close of Fiscal Year (FY) 2023. Managing a surplus of
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
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
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