Instead of a predicted deficit, Georgia’s total revenue increased by $2.5 billion, according to a statement released by Governor Brian Kemp’s office.
Many state elected officials predicted significant budget shortfalls due to a partially-closed economy because of the COVID-19 pandemic and subsequent lockdowns.
“Year-to-date, net tax collections totaled $21.74 billion for an increase of nearly $2.51 billion, or 13.1 percent, compared to the previous fiscal year when net tax revenues totaled $19.23 billion after ten months,” the statement read. Read More
The state’s revenue collections for the month of December were higher than budgeted yielding a $156.4 million surplus, Tennessee Department of Finance and Administration Commissioner Butch Eley announced Monday.
On an accrual basis, December marks the fifth month of the 2021-2022 fiscal year. Read More
Minnesota Management and Budget’s annual February economic forecast projected a budget surplus of $1.513 billion for the 2020-21 budget cycle. Read More
Minnesota Senate Republicans unveiled their “Get Your Billion Back” plan Thursday, a package of tax cuts worth more than $1 billion. Read More
Minnesota House DFLers unveiled their “Great Start for All Minnesota Children Act” this week, a nearly $500 million investment in early childhood education. Read More
A Republican state senator recently suggested using Minnesota’s estimated budget surplus of $1.3 billion to give a rebate “directly to taxpayers.” Read More
NASHVILLE, Tennessee – The first meeting of Tennessee House of Representatives members interested in issues related to rural districts was organized by Representative Bruce Griffey (R-Paris) and attended by nearly three dozen legislators. Read More
The Commissioner of the Tennessee’s Department of Finance Administration Stuart McWhorter announced August 15 that, while state tax revenues were below budget for the month of July, Tennessee will end fiscal year 2019 with a surplus of $636.1 million. Read More
Department of Finance and Administration Commissioner Stuart McWhorter announced Wednesday that Tennessee’s June revenues were $92.5 million more than the state budgeted for the month, resulting in a total budget surplus of $649.2 million with just one month remaining in the 2018-2019 fiscal year. The state’s revenue collections of… Read More
A press release issued Friday by Department of Finance and Administration Commissioner Stuart McWhorter announced that Tennessee’s May revenues were $46.3 million more than the state budgeted for the month. Also reported was that total tax collections by the state so far this year exceeded the estimates by more… Read More
by Bethany Blankey Joint conference committees continue to hash out differences with the hope of reaching the May 20 deadline and closing a $2 billion gap between conflicting budget priorities. Still up for discussion in the Minnesota legislature are proposed fees on drug distributors and manufacturers to pay for… Read More