Policy institute predicts a $168 million revenue fall next fiscal year, but leading lawmaker disagrees.
By James Salzer
The Atlanta Journal-Constitution
Monday, April 20, 2009
Tax breaks approved by lawmakers during the 2009 session will cut state revenue $168 million during the upcoming fiscal year, and $1.3 billion in a few years, according to a report being released today.
That will drive a huge hole in the state budget in coming years, forcing lawmakers to make massive spending cuts without the aid of federal stimulus funding or reserves, officials with Atlanta-based Georgia Budget and Policy Institute said.
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