Carolyn Bourdeaux, director of the Center for State and Local Finance, presented an update to an earlier budget presentation on Jan. 18, 2017 at the Atlanta Economics Club. This presentation provided an overview of the Georgia budget by addressing structural revenue dilemmas, current economic constraints, areas of concern in the state’s expenditures, and other forces affecting the state budget. It also adds information about Gov. Nathan Deal’s fiscal year 2018 budget proposal.
I took a quick look at the governor’s proposed fiscal year (FY) 2017 amended and FY 2018 general budgets. Key takeaways are that the FY 2017 amended budget revenue estimate is uncharacteristically generous, creating some space in the budget. The governor uses these revenues for an assortment of economic development and small scale capital projects.… more »
All in all, the state is on very solid footing from a fiscal perspective going into the 2017 legislative session. Let’s take a quick look.
First, will the state make budget in 2017? The Great Recession has taught me to be cautious, but barring a major disruption, there is no reason to think that fiscal… more »