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Tuesday, March 27, 2012 - 9:23am

Lawmakers Pass $39B Budget For Coming Year

Georgia lawmakers have approved a $39.5 billion budget plan for the coming financial year that earmarks roughly $100 million in last-minute money for infrastructure.

House and Senate lawmakers voted Tuesday to approve the spending plan for the financial year starting in July. It now heads to Republican Gov. Nathan Deal.

Under the plan, Georgia would spend roughly $39.5 billion in state and federal money to fund its operations. That includes $19.4 billion of money generated by the state.

Georgia is still collecting billions of dollars less in funding compared to before the recent recession.

The compromise plan adopted by the House and Senate would use about $100 million from a mortgage fraud settlement to pay for infrastructure and other perks meant to lure employers and new jobs