Wed., December 2, 2009 8:51am (EST)

State Finds Boost For Budget
By Associated Press
Updated: 4 years ago

ATLANTA  —  
Georgia's budget got a boost with $54 million in found funds. (photo-Tracy O.)
Georgia's budget got a boost with $54 million in found funds. (photo-Tracy O.)
Georgia's rainy day fund is getting a badly-needed boost.

The state auditor has identified $54 million in lapsed funds from the fiscal year 2009 budget that will be returned to reserves.

Governor Sonny Perdue also said that the state had saved $35 million in debt service by refinancing approximately $658 million in bonds. Perdue said that every dollar saved means less that has to be cut from the already lean state budget.

The state is wrestling with a budget hole that's forced officials to institute deep cuts to agencies and furloughs for state workers.