Georgia’s bank accounts bulge ever fatter after revenue collections in the 2023 budget year outstripped efforts to spend down some surplus cash.
State government now has more than $11 billion in unallocated surplus cash that leaders can spend however they want, after Georgia ran a fourth year of surpluses.
The State Accounting Office, in a Tuesday report, said Georgia ended up collecting more than it spent even after officials boosted spending on one-time projects. Georgia spent $37.8 billion in state money in the 2023 budget year ending June 30 but collected $38.2 billion in revenues.
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