Georgia Governor Signs $16 Billion Budget

DeSue, Tedra
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p6
Trade Publication
Governor of Georgia, Sonny Perdue signed into law on June 2003, the state's 16 billion dollar budget for fiscal 2004. Perdue was not overwhelmingly excited about the budget bill, which raises the tax on cigarettes by a quarter to generate about 180 million dollars a year. During a press conference, Perdue said the bill marks the first step toward comprehensive tax reform and added that although it is far from perfect, it moves the state in a positive direction in reforming the budget process. About 130 million dollars will be transferred from the fiscal 2005 budget into the 2004 budget by accelerating withholding of state payroll taxes.


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