Aaron Gould Sheinin has the story.
In a 30-minute interview with The Atlanta Journal-Constitution, Deal said local governments, teachers and school administrators must ready themselves for further cuts to K-12 spending and that drastic measures may be necessary to save the HOPE scholarship program.
The Republican, who will be sworn in Jan. 10, also said his proposal for cutting the corporate income tax by a third should be part of any recommendations a special committee studying the state’s tax system makes in the next month.
On the HOPE scholarship, the lottery-funded grant awarded to more than 1.4 million students, Deal said the popular program can’t sustain its current path.
“That’s not a very good picture looming out there,” Deal said.
The Georgia Student Finance Commission, which oversees HOPE, is projecting a shortfall of about $244 million for this fiscal year. The shortfall is estimated to be about $317 million for fiscal 2012.