Georgia now has $10.7 billion in surplus cash after the state ran a huge surplus for the third straight year. The State Accounting Office said Monday that Georgia ran a $5.3 billion surplus in the 2022 budget year ended June 30.
Massachusetts voters approved the Fair Share Amendment in November. It places a 4% tax on incomes above $1 million, in addition to the state's standard income tax of 5%.
The GBPI says Georgia's overall state reserves, going into fiscal year 2024, are expected to be above $16 billion — and that's money needed to stabilize the state’s broken systems and strengthen communities.
Georgia Gov. Brian Kemp appears ready to loosen the purse strings a little after having built a budget surplus that could top $10 billion. The money has been accumulating for three years.
Georgia will collect another $5 billion in surplus revenue after the just-concluded budget year. Numbers announced Wednesday by the state Revenue Department show that taxes matched last year's $33 billion, while Gov. Brian Kemp had forecast a steep decrease.
NPR wants to know whether rising prices have led you to shop differently for groceries, travel or entertainment; use "buy now pay later" services; or dip into savings to cover your debts.
The financial year for Georgia’s 26 public colleges and universities starts in July with significant cuts for all institutions in the budget awaiting Gov. Brian Kemp’s signature.
Georgia lawmakers are agreeing to a state budget that will pay full tuition for all college students receiving a HOPE Scholarship while boosting pay for all state and university employees. A House-Senate agreement signed Wednesday sets a $32.5 billion state budget beginning July 1.
Thursday, the Senate passed its plan in a 51-to1 vote, but HB 19 was rejected by the House. With only two days left in the session, their differences must be settled in a conference committee.
Gov. Brian Kemp has signed a $32.5 billion mid-year state budget that includes property tax relief for Georgia homeowners and security grants for every public school in the state.
Georgia House budget writers want a $4,000 pay raise for state law enforcement officers, double the $2,000 pay raise proposed by Gov. Brian Kemp for all state employees and teachers. They also want to pay higher rates to health care providers and expand training of new health care workers.
Georgia's state government ended the 2022 budget year in June with $6.6 billion in surplus cash. Gov. Brian Kemp has plans to spend more than $3 billion through a combination of one-time tax givebacks.
