GBPI In The News Press Kemp, Georgia lawmakers unveil plan to speed up income tax cut December 4, 2023 / December 14, 2023 by Lauren Frazier 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 markers are met. But with the state sitting on a massive surplus, Gov. Brian Kemp […] Read more » 2024 tax Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy flat tax Georgia Georgia Economy georgia-budget income tax shift public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds Undesignated Reserves Workforce Needs
Budget and Taxes Press Press Releases & Statements PRESS RELEASE: Georgia Budget & Policy Institute Applauds the Work of the Joint Tax Credit Review Panel November 29, 2023 / December 14, 2023 by Lauren Frazier 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 Means Committee) and Senator Chuck Hufstetler (Chair, Senate Finance Committee). The Georgia Budget and Policy […] Read more » bonuses budget and taxes budget practices Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy Georgia Economy georgia-budget public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds transparency Undesignated Reserves Workforce Needs
GBPI In The News Press What to do with $16 billion: child care, bonuses, school buses, tax cuts? October 31, 2023 / November 7, 2023 by Lauren Frazier 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 for more tax rebates in 2024 unless the economy seriously tanks. But a new report released […] Read more » Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy Georgia Economy georgia-budget public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds Undesignated Reserves Workforce Needs
Budget and Taxes Press Press Releases & Statements PRESS RELEASE: Georgia Budget & Policy Institute Publishes New Report on Georgia’s $16 Billion Surplus October 31, 2023 / October 31, 2023 by Lauren Frazier 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 this scale creates new challenges outside the traditional framework of Georgia’s system of annual budgeting […] Read more » bonuses budget practices Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy Georgia Economy georgia-budget public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds Undesignated Reserves Workforce Needs
Budget and Taxes Daniel Kanso, PhD Economic Justice Education Featured Reports Georgia’s $16 Billion Question: Will the State Equitably Invest in Its People? October 31, 2023 / October 31, 2023 by Daniel Kanso, PhD 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 general fund reserves held by the state of Georgia—which exceeded $16 billion at the conclusion […] Read more » bonuses budget practices Budget Surplus child care Economic Recovery economic stimulus equitable growth federal aid fiscal management Fiscal Policy Georgia Economy georgia-budget public funds revenue estimates revenue growth School Buses state investments state spending state workforce Surplus Funds Undesignated Reserves Workforce Needs
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
