Kemp Urges Lawmakers to Stay Cautious With State Spending

From the Henssler Financial Studio this is your news minute on the Marietta Daily Journal Podcast presented by Engineered Solutions of Georgia. Today is Wednesday, January 1th, and I'm Keith Ippolito.

Kemp Urges Lawmakers to Stay Cautious With State Spending

Georgia Governor Brian Kemp and the state's budget writers are committed to maintaining a cautious approach to spending despite a significant surplus. Governor Kemp highlighted $5 billion in tax relief and proposed accelerating additional tax cuts during legislative hearings. The state's revenue growth in recent years, driven by capital gains, is expected to decline due to an economic slowdown. State Economist Robert Buschman predicts a mild recession in the first half of the year, impacting tax collections. Kemp believes proposed pay increases for state employees and teachers will act as a buffer against the recession, aiming to keep people working and the state in good shape.

For more news about our community, visit mdjonline.com. For the Marrietta Daily Journal Podcast, I'm Keith Ippolito.

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