A one-time tax refund might be refunded under a new plan, which would be a huge help for millions of Americans residing in Georgia from a surplus budget amounting to over $ 6.6 billion.
$6.6 Billion Surplus Budget
On January 9, Governor Brian Kemp of Georgia state will finalize a plan for the surplus Budget as he announced the $ 3 billion from the $6.6 billion pot to distribute one-time tax rebates. However, Georgia has yet to finalize where the remaining $ 3 billion will go, but Kemp has plotted places he wants to dedicate the money.
legislators are likely to pause pay increases after adding a $5,000 boost to universities and $2,000 to state agency employees like public school teachers, according to Senate Appropriations Committee Chairman Blake Tillery. The increase in wages drove a big increase in spending, with this year’s budget rising 11 percent over 2022′s original plan.
Kemp’s Other Plans