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Today is Thursday, November 15, 2018 

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NOTES FROM THE SENATE, NOVEMBER 9, 2018
OCTOBER REVENUES TOP LAST YEAR

October revenues came in at an eye-popping 17.7% increase. Looking back, October of a year ago was negative due to a substantial number of refunds that were released in that month. So it is no surprise that October of 2018 would show a big increase. Some analysts are saying the prospects for continued growth at these high levels will come to a screeching halt in January when new withholding rates will reflect the doubling of the individual deduction tied to the tax cut passed last Session. (More)
NOTES FROM THE SENATE, NOVEMBER 2, 2018
BALANCING THE BUDGET - THE KEY IS IN THE REVENUE

The state constitution charges the General Assembly to set appropriations to operate state government. While the ultimate allocations are widely argued, not much time is spent discussing the revenue estimate that dictates the amount of funding available. While most states work under balanced budget requirements, the ways vary that states arrive at their revenue estimates are varied. (More)
NOTES FROM THE SENATE, OCTOBER 26, 2018
SPECIAL SESSION TO ADDRESS SW GEORGIA HURRICANE DAMAGE

This week Governor Deal called for a Special Session for November 13th to address the impacts from Hurricane Michael and make adjustments in the budget to account for incurred costs. According to the National Oceanographic and Atmospheric Administration, Hurricane Michael is the third-most intense Atlantic hurricane to make landfall in the United States and hit the panhandle of Florida Wednesday October 10th as a Category 4, and hit southwest Georgia as an intense Category 2 or 3 hurricane. Georgia experienced extreme winds between 125-150 miles per hour from Lake Seminole through Bainbridge, to north of Albany. (More)

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