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FY 2012 Budget Overview | gbpi

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. “ Wasn’t that Alan Essig?”. Revenue Estimate.

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FY 2012 Budget Overview | gbpi

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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 • Sales and Income Tax outdated (1950’s economy and government).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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