Current location:entertainment >>
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
entertainment82492People 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.“Global Glossary news portal”。http://kazakhstan.fidosfortywinks.com/content-2c999092.html
Related articles
Unexpected Michigan Senate race could determine control of the chamber
entertainmentLANSING, Mich. (AP) — Elissa Slotkin had less than half an hour to reckon with a retirement announce ...
Read moreBatman: Guardians slugger Josh Naylor celebrates his homer by striking himself on the helmet
entertainmentCLEVELAND (AP) — Guardians slugger Josh Naylor has happily headbutted his manager and pretended to r ...
Read moreLiz Jones' Diary: In which I 'flip the script' on worries about my house move and marriage
entertainmentI text David to tell him I’m so nervous about moving and marrying him that I wake at 4am every day, ...
Read more
Popular articles
- Body of last missing victim recovered from Baltimore Key Bridge collapse site
- Caballero's tiebreaking double in the 10th lifts Rays past Yankees 2
- Britain's Got Talent winners
- Patrick Bailey's 4
- Man who went THREE months without a bowel movement had hardened waste stuck in his colon
- First aid consignment via Cyprus corridor departs for Gaza
Latest articles
Ariana Grande shakes up the 2024 Met Gala with a surprise performance of her biggest hits
Rumer Willis celebrates daughter Louetta's first birthday with heart
Rookie Jesse Love claims 1st NASCAR Xfinity Series win in another wild Talladega finish
Toronto's Nylander out for Game 1 against Bruins
Demi Lovato dazzles in metallic Prabal Gurung gown at 2024 Met Gala
Lok Sabha election 2024: India begins voting in mammoth polls
LINKS
- Tycoon Truong My Lan's death sentence is a turning point for Vietnam
- A Toronto police officer was stabbed and a suspect shot. Both hospitalized in stable condition
- Sudan's war began a year ago. Children are among its most fragile survivors
- Belgium launches probe into suspected Russian interference in upcoming EU elections
- Tycoon Truong My Lan's death sentence is a turning point for Vietnam
- Nikki Haley beats Donald Trump in Washington DC for first primary victory
- Arizona abortion law: Trump pushes state lawmakers to remedy ruling
- US — Chinese military planners gear up for new kind of warfare
- Student loans: What to know about Biden's latest relief plan
- More aid is supposed to be entering the Gaza Strip. Why isn’t it helping?