Current location:business >>
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
business973People have gathered around
IntroductionATLANTA (AP) — Georgia Gov. Brian Kemp is both increasing spending and cutting taxes as state tax re ...
ATLANTA (AP) — Georgia Gov. Brian Kemp is both increasing spending and cutting taxes as state tax revenues decline, saying he is looking to the state’s billions in surplus to allow him to remain on that course.
The Republican governor on Tuesday signed a $36.1 billion budget for the year beginning July 1 that will boost pay for public school teachers and state employees, while spending more on education, health care and mental health.
Including federal money and other funds such as college tuition, the state will spend $66.8 billion overall.
In remarks to reporters at the state Capitol after signing the spending plan, Kemp said this year’s legislative session “offered something for everybody.”
Georgia has $5.4 billion set aside in its rainy day fund, which is filled to its legal limit of 15% of state revenue. Beyond that, it had $10.7 billion in surplus cash collected over three years. Lawmakers approved Kemp’s plan to spend more than $2 billion of the surplus in changes to the current budget, which ends June 30. But that would leave more than $8 billion in reserve.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Whispers news portal”。http://caymanislands.intifocus.com/content-87f499468.html
Related articles
3 Indian nationals charged with killing Canadian Sikh separatist leader make first court appearance
businessSURREY, British Columbia (AP) — Two of the three men charged in the slaying of Canadian Sikh separat ...
【business】
Read moreCorrections defends pace of change: 'There is no reluctance'
businessDeputy Commissioner for Prisons Neil Beales Photo: RNZ / Cole Eastham-Farrelly ...
【business】
Read moreBiden, Marcos announce infrastructure plans to counter Chinese projects
businesswashington —Months after Manila withdrew from China's Belt and Road Initiative (BRI) projects, Washi ...
【business】
Read more
Popular articles
- Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles
- House lawmakers reject renewal of key US intelligence program
- VOX POPULI: Remembering the psychologist who changed the face of economics
- Truck driver who ignored detour warnings, caused traffic chaos may be charged
- Transgender activists flood Utah tip line with hoax reports to block bathroom law enforcement
- At least 3 shot during Eid al
Latest articles
Plane passenger reveals his hilarious take on what your seat selection means about your journey
‘Robust' US has helped improve global economic outlook, IMF chief says
Health NZ chairperson resigns after less than a year in position
School attendance held back by sickness
Revealed: Ministers considered a Rwanda
Petrobras paid BRL 240.2 bi in taxes and royalties in 2023
LINKS
- Forum: Democracy takes many forms
- Truce remains elusive in Gaza as talks fall flat
- China firmly opposes its citizens being harassed when visiting the U.S.: spokesperson
- Washington urged to respect rule of law in Hong Kong
- Attack on Iranian consulate in Syria condemned
- Xi meets Dutch PM
- Mainland closely monitors movement of Taiwan island's military authority around Kinmen
- Chinese Embassy strongly condemns UK's baseless cyberattack accusations
- FM: China marks new opportunities for Australia
- CPC leadership reviews disciplinary inspection report