Current location:International Intricacies news portal > style
Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
International Intricacies news portal2024-05-08 10:47:00【style】6People 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://papuanewguinea.argoasecurityeu.com/news-9a599442.html
Very good!(13668)
Related articles
- Zelensky 'assassination plot foiled' as Ukraine detains two of its own counter
- Kaifeng: Ancient Capital of Eight Dynasties
- A Surviving and Evolving Musical 'Aristocrat'
- University Graduate Develops Cooperative, Helps Farmers Attain Wealth
- Illegal migrants cost the taxpayer £14 billion every year, says former minister Dame Andrea Jenkyns
- Courtyard 27 — Growing a Seed of Happiness
- Inheriting Family's Virtues Through Reading
- Miao Woman Inherits, Promotes Family's Tea
- Pennsylvania Senate approves GOP's $3B tax
- Developing Smart Agriculture, Helping Farmers Increase Incomes
Popular articles
Recommended
Mississippi ex
Dessert Brand Reveals Sweet Tastes from Hutong
Indian cyclists David Beckham, Ronaldo catch eyes at Asiad
Weifang: A City of Crafts and Folk Arts
Apple's biggest announcements from its iPad event: new sizes, faster chips
Caring for Cranes Meticulously
China clocks world's 2nd best time in men's 4x100m medley relay victory at Hangzhou Asiad
Retired Woman Committed to Protecting 'Mother River'
Links
- The show goes on for Paramount with ‘Gladiator II,’ a new Damien Chazelle movie and more
- Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
- 2025 Oscars: Academy Awards announces March 2 date
- Luke Combs leads the 2024 ACM Awards nominations, followed by Morgan Wallen and Megan Moroney
- Odysseus moon lander sends new images in its last hours
- How do animals react during a total solar eclipse? Scientists plan to find out in April
- CBS says its daytime show 'The Talk' will end its run in December after 15 seasons
- Total solar eclipse 2024: Spectators stake their spots along the totality path
- A warming island's mice are breeding out of control and eating seabirds
- The show goes on for Paramount with ‘Gladiator II,’ a new Damien Chazelle movie and more