Georgia House budget writers backed Governor Brian Kemp’s plan to provide about a $1 billion property tax cut as part of the state’s midyear spending plan. House members have already filed legislation to also provide a $1 billion income tax rebate that the governor has also proposed.
Wednesday’s approval was one of the first major policy votes of the 2023 session and a sign lawmakers want to get the budget — and tax breaks — approved quickly.
The $32.6 billion mid-year state budget takes advantage of a $6.6 billion revenue surplus to increase spending 7.8% above the record budget lawmakers adopted last spring.
The mid-year spending plan, which the full House will take up today, supports most of the governor’s mid-year budget recommendations. Big-ticket items include $167 million in grants to help the state land large economic development projects and $105 million for a new electronic medical records system at the Medical College of Georgia,
