As of Thursday, August 9, 2012
© Copyright 2013
Albany Herald
Georgia House Speaker David Ralston chews on his glasses in the well of the House in this undated file photo.
ATLANTA (AP) — Georgia government doesn't save as much as many other states, while recent state spending increases outpaced the national average. Those are conclusions from a new nonpartisan analysis of all 50 states.
The National Conference of State Legislatures found that Georgia finished the 2011 budget year with a cash balance that is 2.1 percent of total general fund spending. For 2012, the estimate is 2 percent. The national average for 2012 is 7 percent. Georgia's spending climbed 5.2 percent from 2011 to 2012. The average was 3.1 percent. The good news: Georgia's revenues also increased 5.2 percent, more than the 2.9 percent average among all states.
The report comes as Georgia colleges and other agencies prepare for general fund cuts, in part to help cover rising health care costs.
More like this story
- Georgia survey finds majority favors tax increase on wealthy; HOPE Scholarship income cap; Plan B for transportation. ( August 23, 2012 )
- Outlook 2013: Georgia's economy expected to outpace national average ( February 23, 2013 )
- US unemployment applications flat at 374,000 ( August 30, 2012 )
- Census participation numbers bittersweet for SOWEGA ( September 29, 2010 )
- Most in US won't be able to escape 'fiscal cliff' ( November 13, 2012 )
Comments
Trustbuster 9 months, 2 weeks ago
This is the same people who wanted us to pay more taxes and waste our money!
Engineer 9 months, 2 weeks ago
You may call infrastructure spending waste, I call it investing in our future.
Jack_Frost 9 months, 2 weeks ago
Sure...except that GDOT's management was compared to Enron's with regard to fiscal mismanagement. Maybe folks would have been more willing to listen to cries of poverty regarding our transportation system if we could trust the fools handling the money.
Engineer 9 months, 2 weeks ago
So if you didn't want GDOT dealing with the money, who would you want to? I've heard that argument so many times, yet nobody is willing to say who they would trust.
Sister_Ruby 9 months, 2 weeks ago
See? The Feds have absolutely NO INTEREST in cleaning up their act if it means potentially more Democrat voters. From Reuters:
A recently released report shows widespread tax fraud in connection with the federal government’s Individual Taxpayer Identification Number program.
The U.S. Treasury inspector general report accuses the IRS of discouraging employees from reviewing applications for the ID numbers, which are generally from non-resident workers.
The inspector general specifically said there were 154 mailing addresses that were used 1,000 or more times on applications, including 15,795 numbers assigned to a Phoenix address.
The report, which evaluated the processing year 2011, also found inadequate controls can result in the numbers being assigned to people who have not proved their identity or foreign status, which can result in fraudulent tax returns.
The inspector general also found 10 individual addresses were used for filing 53,994 tax returns and receiving $86.4 million in fraudulent tax refunds. For example, 23,994 tax refunds totaling $46.3 million were issued to an address in Atlanta; and 2,507 tax refunds totaling $10.4 million were issued to an address in Oxnard, Calif.
ustaknow 9 months, 2 weeks ago
I am a conservative but i will not vote for Deal with the numbers going the wrong way. We have got to start spending at least the same as we take in and nothing more. In general getting sick and tired of incumbents anyway. So maybe We need a republican to run against Mr Deal
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