Georgia Governor Brian Kemp signed the Fiscal Year 2027 budget on Tuesday. It’s the last such measure for the state’s 83rd governor during his last year in office.
"House Bill 974 delivers on the promise I made when I first ran for governor and the same promise we’ve kept for every budget since,” said Kemp. “It makes strategic investments to keep our state the best place to live, work, and raise a family - while also holding the line on government spending.
As I always say, our job is to be good stewards of taxpayer dollars, because that’s the people’s money, not the government’s.”
Kemp said during his tenure, state leaders have saved or returned over $12 billion to taxpayers, with more relief expected through tax cuts he signed into law on Monday. However, the governor cut $300 million in new spending from the budget.
“Let me be clear: we’re talking about new spending; we aren’t making any cuts to or rolling back any parts of current programs,” according to the Governor. “We’re preserving existing services while bringing total spending into alignment with projected revenues, just like every Georgia household has to do.”
But Kemp said even those cuts may not be enough to avoid dipping into state coffers.
“Even with these actions, the state may still need to rely on reserve funds to meet obligations in Fiscal Year 2027.”
Fiscal year 2027 starts in July.
