After years of holding spending far below what Georgia was collecting in revenue, Gov. Brian Kemp is proposing a big boost in outlays.
In budgets released Thursday, the Republican governor proposes spending an additional $5 billion in the current budget running through June. In the 2025 budget beginning July 1, Kemp proposes increasing spending by $3.6 billion over this year’s original budget, including pay raises for more than 300,000 state employees and teachers that he outlined in his State of the State speech.
Georgia has $5.4 billion set aside in its rainy day fund, which is filled to its legal limit of 15% of state revenue. Beyond that, it has $10.7 billion in surplus cash collected over three years. Kemp proposes spending $2 billion of the surplus but would leave $8.7 billion.
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