Huge surplus leaves Georgia with $6.6B in cash to spend
This means the state’s next governor and lawmakers could spend or give back billions more than this year.
This means the state’s next governor and lawmakers could spend or give back billions more than this year.
Georgia ran a surplus of more than $6 billion in the budget year ended June 30. That means the state’s next governor and lawmakers could spend or give back billions more than this year.
The State Accounting Office says Georgia had all that extra money even after spending $28.6 billion in the 2022 budget year.
Total state general fund receipts rose a whopping 22%.
Georgia has $6.58 billion in cash that leaders can spend however they want.
Some money is spoken for, with the state likely to transfer more than $1 billion to roadbuilding after waiving gas taxes since March. Republican Gov. Brian Kemp and Democratic challenger Stacey Abrams have other spending priorities as well.