Category: Georgia Business News
By Lou Phelps, Savannah Business Journal
March 22, 2017 – The Georgia State Senate today adopted the joint House/Senate Conference Committee Report on Governor Nathan Deal’s state budget, after the Conference Committee reached agreement this week on the budget for fiscal year 2018 which begins July 1. The bill goes to the Governor for his signature.
Sen. Jack Hill, representing Bulloch and portions of Effingham counties, presented the Conference Committee Report to the Senators today on the budget bill, HB 44. It passed 52-0.
The budget is built on a projected total state revenues from all sources of $45,249,350,745, termed “Revenue Sources Available for Appropriation.” Details on state revenues and expenses can be found at thttp://www.senate.ga.gov/sbeo/Documents/AppropriationsDocuments/FY2018/General/FY18G_CC_Final.pdf.
This is $2 billion less that has actually come in this year, and been appropriated, either through the original budget or the Supplemental budget that was adopted in January. State revenues continue to climb from multiple sources, overall, but the budget is built on conservative forecasts. For example, a significant portion of the State revenues come from the Federal government, which could be reduced.
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