Georgia Senate Weighs Budget Plan With More Frequent Tax Collection

DeSue, Tedra
April 2003
Bond Buyer;4/9/2003, Vol. 344 Issue 31611, p32
Trade Publication
Georgia's efforts towards a balanced budget continued to hit political obstacles as the Senate countered a House-passed spending plan with a $16 billion budget that includes a one-time fix to its budget gap. After being sent a proposal by the House that still leaves an estimated $125 million gap, Senate leaders drew up a plan that could change the way employee withholding taxes are collected from businesses by allowing the Department of Revenue to possibly collect them more frequently. The House plan raised property taxes by partially rolling back a homestead exemption but it did not include a tobacco tax hike supported by governor Sonny Perdue.


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