The state ended its budget year last week with a large enough cushion to begin rebuilding its depleted reserves, Georgia money managers said Thursday.
The state needed to collect $853 million more in the budget year that ended June 30 than it received in the previous year. It met the target and more. The increase was nearly $1.1 billion.
“It’s a good report,” said the state’s chief financial officer, Tommy Hills. “When all the dust settles, we expect to put at least $200 million into the revenue shortfall reserve.”
Building up the reserve is good. But, how long will it take an up and coming Republican to call for tax cuts and/or teacher raises.