Despite COVID Lockdowns, Georgia Revenue Up $2.5 Billion

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.

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Tennessee’s December Revenues Yield a $156.4 Million Surplus

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. 

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Minnesota’s Projected Budget Surplus Increases $181 Million in New Forecast

Minnesota Management and Budget’s annual February economic forecast projected a budget surplus of $1.513 billion for the 2020-21 budget cycle.

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State House Rural Caucus Meets to Discuss Issues Unique to Their Districts

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.

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With One Month Remaining in the Fiscal Year, Tennessee’s Budget Surplus Is Now Up To $649 Million

  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…

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Ten Months Into the Fiscal Year, Tennessee’s Revenues Exceed Estimates by $556.7 Million

  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…

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Despite Budget Surpluses, Tax Increases Still Debated in Minnesota as May 20 Deadline Looms

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…

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