Georgia is Awash in Unprojected Tax Revenues.

While Georgia's many tools for tapering spending have worked in the past, the state does "tend to turn towards cutting back on spending" and using reserve funds, rather than "increasing revenues" as seen in other states, according to Kim. Following a strong summer collections season, Georgia's Department of Revenue recently announced revised revenue predictions for the fiscal year 2022 that beat the previous year by more than $6 billion. The newly announced revenue projections create a multi-billion dollar question for state officials ahead of an election featuring contrasting spending philosophies, whatever the specific decision made in terms of the state's revenue surplus. [Extracted from the article]

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