Pay raises for teachers, higher funding for K-12 schools and universities and a tax cut are all possibilities as lawmakers survey what’s likely to be a prosperous state revenue picture.
State revenues through November were running more than $1 billion ahead of the $27.3 billion that lawmakers designated for spending in the current budget year running through June 30. Georgia plans to spend $49.9 billion overall in the budget year that began July 1, once federal and other funds are included.
“It’s certainly projecting to be easier than the last two years have been,” said House Appropriations Committee Chairman Terry England, an Auburn Republican.
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