Current location:Global Gazette news portal > health
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
Global Gazette news portal2024-05-08 10:52:59【health】0People 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://bhutan.3elevenboutique.com/content-7f199801.html
Very good!(8)
Related articles
- Penske suspends Cindric, 3 others ahead of the Indianapolis 500
- Artemi Panarin scores 49th goal as Rangers beat Senators 4
- 16 black bear cubs rescued in Lao capital
- Death toll in Italy's power plant explosion rises to 5
- Instacart partners with Uber Eats to offer restaurant deliveries
- Xi meets National Assembly of Vietnam chairman, urges strong sense of community with shared future
- China moves to make financing easier for small businesses
- Two Moscow concert hall attackers enter Türkiye briefly
- Liverpool get back on track with 4
- GENERAL JACOB NAGEL: Why Israel's failure to strike back at Iran could lead to NUCLEAR WAR
Popular articles
Recommended
Rainfall allows Spain's Catalonia to ease water restrictions for 1st time during drought
Medical insurance fund remains strong, despite aging population
Netflix's '3 Body Problem' promotes Chinese culture despite controversy
White House approved more bombs to Israel on day of deadly Israeli attack on aid workers: WAPO
Blackhawks re
QUENTIN LETTS: We can guess who plenty of Labour MPs would cheer in an Israel
China moves to make financing easier for small businesses
How a lollipop can help to spot the early signs of mouth cancer
Links
- Husband of Florida woman missing in Spain is charged with her disappearance
- What we learned from local votes ahead of looming UK general election
- Hospital operator Steward Health Care files for bankruptcy protection
- Human remains were found at a former Hitler base, but decay prevents determining the cause of death
- A subset of Alzheimer's cases may be caused by two copies of a single gene, new research shows
- Trump hush money trial: Prosecutors move deeper into ex
- Polish prosecutors open investigation after judge flees to autocratic Belarus
- A subset of Alzheimer's cases may be caused by two copies of a single gene, new research shows
- FBI says an infant abducted from New Mexico park has been found safe; a suspect is in custody
- NBC will stick with dual announcers and analysts for the US Open