Georgia will boost spending by $4.4 billion in the last three months of the current budget year under the spending plan released Thursday by Gov. Brian Kemp.
But the Republican is projecting that state revenues will barely budge in the 2026 budget year that begins July 1.
State lawmakers originally agreed to spend $36.1 billion in state money this year, but Kemp wants to boost spending to $40.6 billion, or 12%. Some of that additional money would come from growth in tax revenue, but Kemp would also crack open state savings accounts to spend another $3.1 billion. The state has more than $16 billion in reserves, including $5.5 billion in its rainy day fund and $11 billion in other surplus cash.
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