Gov. Brian Kemp is giving lawmakers permission to spend $250 million from Georgia’s rainy day fund to decrease budget cuts in the year beginning July 1.
Kemp agreed to tap the state’s piggy bank Monday as he set a new revenue estimate for the 2021 budget year, cutting the ceiling for spending state-collected revenue from $28.1 billion to $25.9 billion.
The Republican governor’s power to set the maximum amount of revenue that Georgia’s government can spend in a year is one of his key influences over how the General Assembly writes a budget.
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