Governor Nathan Deal proposed a $547 million budget increase for K-12 education in Georgia during his State of the State address on Wednesday morning. Deal says the increase will allow the state to eliminate teacher furlough days and increase teacher salaries. In addition to education reform, the governor also outlined his plan for job creation in the state. Deal says his focus has been on creating private-sector jobs for Georgians.
Even though the state is still climbing out of the recession of 2008, it looks like it’s going to be a good year for the economy. That was the message given to a room full of business leaders at the Middle Georgia Economic Outlook event in Warner Robins on Thursday. Mercer University economist Roger Tutterow predicted Georgia’s economic growth will outpace the nation's in 2014. Tutterow says while Macon and Warner Robbins have not experienced a lot of payroll growth, the economy of Middle Georgia remains fundamentally healthy.
Two weeks after Congress passed the continuing resolution that reopened the shuttered federal government, Democrats claim the shutdown will cost Georgia at least $324 million dollars this quarter (October, November and December.)
Georgia's unemployment rate has dropped to 8.7 percent. The Georgia Department of Labor early Thursday morning announced the new figure, which is the seasonally adjusted jobless rate for August. It is down from 8.8 percent in July.
The mayor of Dalton will challenge Gov. Nathan Deal for the GOP nomination in next year’s gubernatorial race. David Pennington says he’s running because Deal isn’t doing enough to foster job growth and boost the economy.
The Federal Reserve chairman is warning federal sequestration will damage the nation’s fragile economy. Emory University economist Tom Smith helps us sort through the impact on Georgia’s sluggish recovery.
The state House passed an amended budget Friday for the current fiscal year. It reconciles projections from last year with the economic realities of today. State officials had to lower the budget’s revenue estimate because the economy hasn’t recovered as quickly as they had predicted.
A weaker-than-expected economic recovery is proving to be a drag on Georgia's state finances. Republican Gov. Nathan Deal must find a way to close the gap between what Georgia's government collects and what it spends when submitting his budget plans Thursday.