Budget and Financial Management
Reaching — and being financially prepared for — retirement has always been part of the American dream. Then the recession hit, taking with it the savings of many headed toward those so-called golden years.
Investments shriveled up. Stocks plummeted. Pensions lost ground. Managers in both the public and private sector were left to… more »
Medicaid is a highly utilized joint state and federal program that provides health care to millions of Georgians. Currently, eligibility for Medicaid is determined by need, and federal funds are tied to reimbursement rates for health care costs associated with eligible individuals. Currently, there are several policy proposals to cap federal Medicaid spending either through… 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 »
The global financial crisis brought investment risk to the forefront of the minds of state and local government officials as well as pensioners whose retirement income hung in the balance. Already struggling with the monumental issue of an aging population, many state’s and city’s pension fund shortfalls were further stressed by the impact of the… more »
In December, the Federal Reserve hiked the federal funds rate by a quarter percent for the first time since the Great Recession. The Fed also discussed a series of additional interest rate increases in 2016. Does this move signal a bright, new era of economic growth and higher interest rates or will the American economy continue stagnating… more »
I always get the question: “Will we make budget?” So, this is a quick look at the governor’s budget revenue estimates and what the executive branch seems to be thinking in terms of revenue growth.
(Read an earlier analysis of the Georgia budget outlook here.)
First, some background: The amended and general budgets… more »
(This article was first published by Georgia Fiscal Management Council for its January newsletter.)
Georgia’s state budget has been through a long, tough period during and after the Great Recession. The good news is that this year it’s looking like the state is finally going to have some breathing room. That being… more »
In 2014, Georgia finally brought in more taxes than it did seven years ago. Still, it ranks among the lowest in taxes per capita. CSLF expert Dr. Carolyn Bourdeaux details the state’s FY 2015 outlook and explains the revenue dilemma.
The three maps presented here show total and per capita federal funds received by each Georgia county.1 Maps 1 and 2 are for fiscal year 2010 and Map 3 is for fiscal year 2000, all adjusted to 2010 dollars. Major highways are included to help orient the viewer.
Note, counties associated with… more »
The ratio of federal spending to gross state product was 22 percent in Georgia in fiscal year 2010; however, the relative reliance on federal funds varies widely across the state. As the federal government cuts the budget, understanding the different economic impact of federal funds across the state can help policy-makers anticipate and adapt to… more »