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Georgia Budget & Policy Institute: 2013 Policy Conference Highlights

Dive into the insightful 2013 Policy Conference led by Alan Essig, focusing on budget overviews, revenue estimates, state funds, and the need for tax reform in Georgia. Explore key areas impacting the state's financial decisions.

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Georgia Budget & Policy Institute: 2013 Policy Conference Highlights

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  1. Welcome to the 2013 Policy Conference: Alan Essig, Executive Director Georgia Budget & Policy Institute Join the Twitter conversation: #gaworkforce FY 2012 Budget Overview | www.gbpi.org

  2. “Wasn’t that Alan Essig?”

  3. Revenue Estimate • FY 2013 Revenue Estimate lowered from 5.2% growth to 4.1% ($190 million) • FY 2014 Revenue Estimate based on 4.6% growth • Revenues grew 4.9% first 6 months of FY 2013 To Increase reserves by $300 million revenues would need to grow between 7% and 8%. FY 2012 Budget Overview | www.gbpi.org

  4. FY 2014 State General and Motor Fuel Funds Budget ($18.8 Billion) FY 2012 Budget Overview | www.gbpi.org

  5. Rainy Day Fund Needs to Be Rebuilt FY 2012 Budget Overview | www.gbpi.org

  6. FY 2014 Budget Drivers ($518 million new revenue) FY 2012 Budget Overview | www.gbpi.org

  7. Cuts to State Budgets (FY 2009 – FY 2014) FY 2012 Budget Overview | www.gbpi.org

  8. K-12 Has Not Kept Up With Student Growth and Inflation This Past DecadeDepartment of Education Expenditures Per FTE (FY 2001 – FY 2013) FY 2012 Budget Overview | www.gbpi.org

  9. Regents Funding Lags Behind Student Growth and InflationBoard of Regents Funding Per FTE (FY 2001 to FY 2013) FY 2012 Budget Overview | www.gbpi.org

  10. Declining Support for Technical College Systems FY 2012 Budget Overview | www.gbpi.org

  11. FY 2014 Lottery Funds Budget ($911 Million) FY 2012 Budget Overview | www.gbpi.org

  12. Georgia Revenues Fair and Adequate Tax Reform | www.gbpi.org

  13. Georgia’s Revenue as a Share of Income at Historic LowRevenues as a Percentage of Income (FY 1989 – FY 2013) FY 2012 Budget Overview | www.gbpi.org

  14. Georgia Tax Rankings FY 2012 Budget Overview | www.gbpi.org

  15. Tax Reform Going Forward – We Need Revenues! • Sales and Income Tax outdated (1950’s economy and government). • Sales and Income Tax need to be modernized for 21st century economy and government. • Strong state economy and robust job growth depends on strategic investments in education, transportation, healthcare, and quality of life. FY 2012 Budget Overview | www.gbpi.org

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