Current location:International Issue news portal > world
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
International Issue news portal2024-05-08 11:26:52【world】4People 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://germany.whetstonetavern.com/news-77a199732.html
Very good!(311)
Related articles
- Vladimir Putin is sworn in for his fifth term as president at glittering ceremony in front of hand
- Xi Extends Congratulations to Yunnan University on Centenary Anniversary
- Autumn scenery of park along Changhe River in Hebei
- Traditional villages with local characteristics built to develop rural tourism in Hebei
- Wisconsin Republicans launch audit of state government diversity efforts
- Birds forage at beach in Kuwait City
- Migratory whooper swans winter in Sichuan
- Animals enjoy speical congee for Laba Festival
- Belarus launches nuclear drills a day after Russia announces them, with Ukraine in mind
- Flowers seen in suburb forest of Minsk
Popular articles
Recommended
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
Beijing Zoo prepares facilities to help animals fend off summer heat
Snow scenery of Xuexiang National Forest Park in Heilongjiang
Wild animals frequently spotted along a river valley in Tibet, indicating improving biodiversity
Ancelotti keeps Lunin in goal for Madrid in 2nd leg of Champions League semifinal against Bayern
Peach flowers in full blossom at Mutianyu Great Wall
Enjoy tangyuan on Lantern Festival
Balloons fly high over Gansu's Danxia landscape
Links
- Minnesota State Sen. Nicole Mitchell charged with first
- $6,500 school vouchers coming to Georgia as bill gets final passage and heads to governor
- Juventus requires a late goal to beat Lazio 3
- PepsiCo beats Q1 revenue forecasts as price increases moderate
- Outrage as Columbia president Minouche Shafik cancels all in
- Nikola Jokic's brother reportedly involved in altercation after Nuggets
- Analysts: US missile deployment expected to assist Philippines’ defense — Radio Free Asia
- How major US stock indexes fared Monday, 4/22/2024
- Canadian police charge 2 former UN employees with conspiracy to sell military equipment in Libya
- Woman charged with murder in crash that killed young brother and sister at birthday party