From the Ingles Studios this is your news minute on the Cherokee Tribune Ledger Podcast, Podcast, presented by Engineered Solutions of Georgia. Today is Monday July 17th, and I'm Brian Giffin
Georgia taxpayers may receive a third round of income tax cuts next year, as the state reports a hefty budget surplus. However, the Georgia Budget and Policy Institute argues that the tax rebates from the previous two legislative sessions have come at the expense of underfunded government services. The fiscal 2023 surplus was estimated at nearly $4.8 billion, less than the previous year's surplus but still significant. The surplus has led to tax cuts of $1 billion last year and $1.6 billion in 2021. Critics argue that the surplus should be used to address critical areas like healthcare and public education, which have suffered from underfunding. Governor Brian Kemp remains hesitant to allocate the surplus to recurring spending due to unpredictable tax revenues. For more on this story, visit tribuneledgernews.com . For the Tribune Ledger Podcast I'm Brian Giffin
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