Georgia state government cash reserves keep growing despite …

Oct 17, 2024 · Georgia's state government cash reserves grew in the 2023 budget year despite some efforts to spend down surplus cash. ... Georgia state government cash reserves keep growing despite higher spending. FILE - Georgia Gov. Brian Kemp, front left, and first lady …

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Georgia State Government Cash Reserves Keep Growing Despite …

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Oct 17, 2024 · 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. Total …

usnews.com

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Georgia State Government Cash Reserves Keep Growing Despite

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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. Total general fund receipts ...

msn.com

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Ga. Cash Reserves Keep Growing Despite Higher Spending - MSN

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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. Total general fund receipts ...

msn.com

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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 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 …

wuga.org

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Georgia Reports Nearly $11B In Cash Reserves After 3rd Year Of Big ...

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Oct 17, 2023 · The $10.7 billion pile of surplus cash the state has in its reserves is enough to give $1,000 to every Georgia resident. Live; ... Georgia had about $18.5 billion in cash reserves by …

fox5atlanta.com

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Kemp Wants To Use Savings To Boost Georgia Spending, But …

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1 day ago · Kemp is proposing to again pay for construction and renovation using the state’s surplus cash instead of borrowing money. The governor proposes spending an additional $709 …

apnews.com

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Healthy Surplus, Long List Of Needs Driving Georgia State Budget

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14 hours ago · Gov. Kemp's $40.5 billion 2025 mid-year budget dips into the state's healthy surplus to bankroll a $1 billion one-time tax rebate. ... $100 million to the Georgia State …

usatoday.com

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Updated Georgia 2025 Fiscal Year Budget Spending Increase

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15 hours ago · The state has more than $16 billion in reserves, including $5.5 billion in its rainy day fund and $11 billion in other surplus cash. ... by the federal government. The state would …

11alive.com

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Kemp Wants To Use Savings To Boost Georgia Spending, But …

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1 day ago · The state has more than $16 billion in reserves, including $5.5 billion in its rainy day fund and $11 billion in other surplus cash. ... Officials say by paying cash, Georgia will avoid …

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FAQs about Georgia state government cash reserves keep growing despite … 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's state government cash reserves grow in the 2023 budget year?

Georgia's state government cash reserves grew in the 2023 budget year despite some efforts to spend down surplus cash FILE - Georgia Gov. Brian Kemp, front left, and first lady Marty Kemp, applaud the governor signing a $36.1 billion budget on May 7, 2024, for fiscal year 2025. (John Spink/Atlanta Journal-Constitution via AP, File) ...

How much money does Georgia have in general fund reserves?

The massive amount of general fund reserves held by the state of Georgia—which exceeded $16 billion at the conclusion of Fiscal Year (FY) 2023—follows a recent trend, which is built on a related, dramatic increase in the size of repeated underestimations of annual state revenue collections. ...

What is the Georgia revenue shortfall reserve (RSR)?

These funds allowed Georgia to fill the Revenue Shortfall Reserve (RSR) up to its cap of 15% of revenues ($5.4 billion) for the first time, covered the expenses of two years of modest income tax rebates and back-filled revenues that the state lost due to a 10-month suspension of the gas tax. ...

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. ...

Should Georgia pay for construction & renovations using surplus cash?

Kemp is proposing to again pay for construction and renovation using the state’s surplus cash instead of borrowing money. The governor proposes spending an additional $709 million in the amended 2025 budget and $867 million in the upcoming 2026 budget. Officials say by paying cash, Georgia will avoid $1.5 billion in interest payments over 20 years. ...