GPB.org was streaming live from the capitol as Georgia Gov. Nathan Deal delivered his 2013 State of the State address.
That figure does not include billions in federal spending.
The Republican governor is making a combination of spending cuts to close a funding shortfall in the Medicaid health care program for the poor.
His plan includes $25 million for projects to increase the state's water supply and $50 million for dredging the Port of Savannah.
Deal said that while the economy is growing, the state faces national and global economic uncertainty.
House lawmakers will start reviewing Deal's plan in detail next week.
