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Today is Wednesday, September 19, 2018
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NOTES FROM THE SENATE, AUGUST 14, 2018
AUGUST IS A SPECTACULAR MONTH FOR REVENUES
Led by the top two categories' strong performance, August state revenues turned in a very strong month growing 7.0% on total revenues of $1.803 billion. The total gain over a year ago for the month was $117.4 million. This puts the state some $90 million ahead of budget for the two months of the FY 2019 budget. (More)
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NOTES FROM THE SENATE, SEPTEMBER 7, 2018
APPEARS THAT ECONOMY IS DEFYING ODDS
You have probably seen the many job news announcements coming to Georgia and recognized them as a sign of our state's continued prosperity and great economic environment. On August 29th, Dr. Rajeev Dhawan of Georgia State's Economic Forecasting Center presented his quarterly Forecast of Georgia and of Atlanta. (More)
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NOTES FROM THE SENATE, AUGUST 31,2018
LOOKING TO THE FUTURE - SOME STATES STUCK
Recent national news has highlighted the number of states that may be unprepared for the next budget crunch. Some states haven't yet built up the fiscal resilience to prepare for the next downturn. Data from the National Association of State Budget Officers compiled by the Pew Center on the States reveals that as a percentage of General Fund expenditures, 21 states had smaller rainy day funds in 2017 than they did in 2008. The median number of days' worth of general fund expenditures in rainy day funds was also around 19.8, with outliers in Alaska and Wyoming. Georgia's 2017 rainy day balance would support around 36 days of operations. (More)
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