Current location:Planet Patch news portal > style
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
Planet Patch news portal2024-05-08 10:41:08【style】3People 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.
Address of this article:http://guatemala.3elevenboutique.com/html-0f599451.html
Very good!(4656)
Related articles
- China unveils measures to promote industrial equipment upgrades
- How a stem cell transplant could help to stop epilepsy seizures
- Official resigns after guilty plea to drug conspiracy in Mississippi and North Carolina vape shops
- How a stem cell transplant could help to stop epilepsy seizures
- Gaps found in battle against climate crisis
- Senators hire Travis Green as coach. Green leaves the Devils after serving in an interim role
- Met Gala 2024: Doja Cat boldly dons massive wet T
- My top diet tricks to lower your blood pressure WITHOUT taking pills
- Xi Focus: Xi Calls on Non
- Joe Collier, former Bills head coach, dies at 91
Popular articles
- Xi Extends Condolences to Pakistani President over Severe Terror Attack in Peshawar
- Doja Cat proudly shows off the results of her breast reduction and liposuction in a see
- Leverkusen unbeaten run up to 48 after Frankfurt win
- Official resigns after guilty plea to drug conspiracy in Mississippi and North Carolina vape shops
Recommended
Xi Focus: A Brief Timeline of Chinese President's COVID
Senators hire Travis Green as coach. Green leaves the Devils after serving in an interim role
Katy Perry and Rihanna didn't attend the Met Gala. But AI
Illegal migrants cost the taxpayer £14 billion every year, says former minister Dame Andrea Jenkyns
Albanese's visit boosts China
Star guard Kadary Richmond transfers to St. John's from Big East rival Seton Hall
RICHARD LITTLEJOHN: Welcome to Balti Towers, Basil Fawlty's new asylum hotel...
Body of last missing victim recovered from Baltimore Key Bridge collapse site
Links
- Hong Kong anthem bill passed amid protest
- Coronavirus: China to temporarily ban foreign nationals from entering in bid to reduce COVID
- Coronavirus: WHO denies withholding information over China pressure
- Woman burned during beauty treatment: 'It was really terrifying'
- Bonnie Tyler's Total Eclipse Of The Heart soars on music charts during total solar eclipse
- Planes collide at Heathrow, no one hurt
- Event: Asia’s budding filmmakers prepare for Shorties Film Festival 2020
- Luxon says position on Treaty bill clear, but doesn't unequivocally rule it out
- China's local virus cases down
- Conservatives set for heavy UK election defeat to opposition Labour, survey shows