Georgia is facing an economic and fiscal crisis that threatens the state’s ability to fund critically-needed programs and services in health, education and more. A state revenue shortfall of nearly $3 billion is projected in fiscal year 2021, and the
The economic impacts of coronavirus could put the state government $3 billion to $4 billion in the hole during the next fiscal year, an Atlanta-based public policy think tank warned Monday. Closing such a huge budget shortfall without massive cuts
Overview After a stretch of largely uninterrupted growth that saw state revenues climb by an annual average of 6 percent between fiscal years (FY) 2011 and 2019, many of Georgia’s agencies have been asked to make mandatory spending cuts.
Introduction Georgia plans to spend $26.2 billion in state funds raised through taxes and fees for the 2019 fiscal year. The budget plan anticipates a revenue increase of $1.2 billion, or 4.9 percent more than the prior year. Keep in
Adding Up the Fiscal Notes: Sine Die 2017 Gov. Nathan Deal is set to consider a grab bag of tax revisions approved by state legislators before the end of the 2017 legislative session. At least 10 tax bills with potential
Analysis of Substitute Version of House Bill 329 (LC 43 0601S) Updated March 8, 2017 Georgia lawmakers are considering a large income tax proposal that contains a mix of positive reforms and measures that raise significant concerns. Some aspects of
Bill Analysis: House Bill 329 (LC 43 0564) – Updated February 27, 2017 Members of the Georgia House are set to consider a large income tax proposal that contains a mix of positive reforms and measures that raise significant concerns.
Budget Basics Georgia’s 2017 fiscal year is July 1, 2016 through June 30, 2017 and the total budget available to the state is $43.7 billion. That includes $23.7 billion in state funding, $13.7 billion in federal funding and $6.3 billion
The welcome news is state tax revenues are up about 9.4 percent during the first three months of the 2016 fiscal year that started July 1. Georgia’s year-to-date collections total $5.13 billion, up $438.7 million, compared to $4.69 billion last
Posted by Alan Essig Georgia’s December revenue report, out this week, is both good news and bad. The good news is that revenue grew by almost 10 percent in December. The bad news is that’s not enough to avoid more
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