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Legislature Passes Budget
Tuesday, 10 March 2009

March 10-- Senate President Pro Tem Tommie Williams (R-Lyons) released the following statement after the state Georgia General Assembly passed the amended Fiscal Year 2009 budget, fulfilling its Constitutional requirement to balance the state budget before the end of the fiscal year which ends June 30. 

Image“Today the Georgia General Assembly passed a balanced budget cutting nearly $2 billion from the original 2009 budget,” said Williams.  “Much like Georgia families, we’ve cut our own budgets to live within our means.  I applaud the collective efforts of House and Senate members working together to produce a balanced budget that prioritizes the needs of Georgians.  While Washington was busy sending our nation further and further in debt, Georgia was successful in cutting wasteful spending without raising taxes.”

Highlights of House Bill 118 include reducing state government by almost $2 billion, protecting the $428 million Homeowners’ Tax Relief Grant, cutting state legislative office budgets by 8 percent, restoring the mental health funds, addressing consumer protection by providing for 4 new food safety inspectors, and achieving $10.5 million in savings from lower interest rates after selling state bonds. 

Williams praised the fact that Georgia has maintained the state’s triple-A bond rating, which is vital to stabilizing the state’s economy because it keeps interest rates low.  The triple-A ratings reflect the highest rating available to government issuers.

 

 
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