Georgia’s massive $16.5 billion budget reserve dwarfs that of ...

1 day ago · Gov. Brian Kemp credits Georgia’s nearly $16.5 billion in surplus funds to conservative budgeting and a balanced approach to taxes and spending. That the state has a healthy reserve fund is not ...

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Georgia’s Massive $16.5 Billion Budget Reserve Dwarfs That Of ...

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Georgia State Government Cash Reserves Keep Growing Despite …

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Oct 17, 2024 · The state has other reserves, as well, including a rainy day fund filled to the legal limit of $5.5 billion and a lottery reserve fund that now tops $2.4 billion. All told, Georgia had …

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Georgia’s Massive $16.5B Budget Reserve Dwarfs Neighbor States’

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23 hours ago · On Wednesday, Georgia’s House Appropriations Committee approved an amended $40.5 billion 2025 budget that would provide an additional $197 million for Hurricane …

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How Did Georgia’s Budget Reserve Grow So Big So Fast?

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Dec 4, 2023 · State reports show federal spending as part of Georgia’s budget rose from $14.4 billion in fiscal 2020 to $18.65 billion by fiscal 2023.

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Georgia's Cash Hoard Approaches $11 Billion After A Third Year Of …

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Oct 17, 2023 · The state has other reserves, as well, including a rainy day fund filled to the legal limit of $5.4 billion and a lottery reserve fund that now tops $2.1 billion. All told, Georgia had …

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Georgia’s Record Surplus Presents An Opportunity For Taxpayer Relief

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Oct 23, 2024 · Georgia has more money than ever. The state’s total fund balance at the end of the last fiscal year – including all of the state’s various reserve accounts – surged to $19.07 …

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Georgia Starts Budget Season With $16.5 Billion In Reserves - AllSides

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Nov 25, 2024 · “The state of Georgia has more resources on hand than at any time in our history.” Georgia budget reserves have surged over the last four years — fueled by a combination of …

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GA Is Flush With Cash After Three Years Of Budget Surpluses | Macon ...

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Oct 17, 2023 · Georgia has huge cash reserve of about $11 billion after three years of budget surpluses. That’s enouhh cash to give $1,000 to every resident

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Georgia Budget Leaders Eye Spending As Uncertainty Clouds Future

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When legislators return to the Georgia Capitol on Jan. 13, they will have to determine how much and how to spend $16.5 billion in the state's budget reserve.

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Analysis: Georgia's Undesignated Reserves Expected To Stay

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Jan 23, 2024 · (The Center Square) — Georgia has routinely generated record surpluses, and the governor's budget proposals are expected to maintain its undesignated reserves of $11 billion, …

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From Nearly Zero To $16 Billion: How The State Of Georgia’s …

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Dec 3, 2023 · State reports show federal spending as part of Georgia’s budget rose from $14.4 billion in fiscal 2020 to $18.65 billion by fiscal 2023.

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Georgia Economy Experts Say Cash Reserves Are Increasing Ahead …

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Nov 25, 2024 · According to financial experts, Georgia spent $37.8 billion in state money in the 2023 budget year that ended on June 30. However, the state collected $38.2 billion in revenue.

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Lawmakers Working On Ways To Give Georgia’s Record $16B Surplus …

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The $16 billion reserve figure represents about 45% of the state’s entire operating budget, and it’s only expected to grow in years to come if lawmakers can’t figure out a way to put it ...

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Georgia’s $16 Billion Tax Surplus Sparks Controversy

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Nov 3, 2023 · But there’s something different about the latest fiscal numbers that prompted the left-leaning Georgia Budget and Policy Institute (GBPI) to release a 15-page report Oct. 31 …

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Trump Funding Freeze Puts $1 Billion Investment In Georgia Grid …

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12 hours ago · A least $1 billion in projects designed to modernize Georgia’s power grid remains in limbo amid President Trump's efforts to freeze certain federal funding.

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Budget Already Dwarfs Top Rivals - Darnews.com

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Oct 12, 2018 · The 2019 military budget, recently authorized by Congress, stands at $716 billion. That's "billion" with a "b." That figure dwarfs expenditures by China and Russia. China spends …

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FAQs about Georgia’s massive $16.5 billion budget reserve dwarfs that of ... Coupon?

How many cash reserves does Georgia have?

The state has other reserves, as well, including a rainy day fund filled to the legal limit of $5.5 billion and a lottery reserve fund that now tops $2.4 billion. All told, Georgia had $19.1 billion in cash reserves on June 30, an amount equal to more than half of projected spending of state revenue for the current budget year. ...

Did Georgia run a surplus in 2022?

The State Accounting Office, in a Monday report, said Georgia ran a $5.3 billion surplus in the 2022 budget year ended June 30, even after spending $32.6 billion. Total state general fund receipts rose about $1 billion, or 3%. ...

How much money does Georgia spend on state revenue?

Georgia plans to spend $36.1 billion in state revenue — or $66.8 billion overall once federal and other revenue is included — in the year that began July 1. ...

How much money does Kemp have in a state reserve fund?

But because Gov. Brian Kemp has kept budgeting spending well below prior year revenues, the amount of surplus cash at the end of each year keeps rising. The state has other reserves, as well, including a rainy day fund filled to the legal limit of $5.4 billion and a lottery reserve fund that now tops $2.1 billion. ...

How much money does Georgia have in surplus cash?

ATLANTA (AP) — Georgia now has $10.7 billion in surplus cash that its leaders can spend however they want after the state ran a huge surplus for the third straight year. The State Accounting Office, in a Monday report, said Georgia ran a $5.3 billion surplus in the 2022 budget year ended June 30, even after spending $32.6 billion. ...

How much money does Georgia need to build a bridge?

The $10.7 billion tower of cash is enough to give $1,000 to every Georgia resident. It grew taller even though the Republican Kemp rolled back collection of state gasoline and diesel taxes for much of the budget year, funding more than $1 billion in road and bridge construction from other sources. ...