We make every effort to keep our articles updated. However, state leaders have prioritized the passage of House Bill 276 during the 2020 legislative session to close loopholes that allow some online retailers to avoid collecting sales taxes. Even if you cant contribute to the maximum amount, this is a will be reflected in the July monthly benefit payment payable at Kemp's proposal also would increase the employer match for 401(k) contributions to a maximum of 9% and allow employees to withdraw up to 40 hours of eligible leave pay each year. FY22. After a stretch of largely uninterrupted growth that saw state revenues climb by an annual average of 6 percent between fiscal years (FY) 2011 and 2019, many of Georgias agencies have been asked to make mandatory spending cuts. the PSERS plan page. Kemps decision to lower the states revenue estimate by $416 million because of underperforming tax collections. Contributing at least 5% into your PSR 401(k) is more valuable Kemp proposes $5,000 pay raise as employee turnover hits record - Axios $27 million for the State Charter Schools Commission to implement HB 787 and increase state funding provided to charter schools. Overview of Georgia's 2021 Fiscal Year Budget Under the newly issued FY 2020 revenue estimate, general fund tax and fee collections are expected to grow at an annual rate of 0.66 percent, revised down from the states original estimate of 3.2 percent. House Minority Leader Bob Trammell, D-Luthersville, Atlanta lawmakers request DOJ probe into shooting death of training center protester, Mistrial over murder charge for defendant accused in Gwinnett teens death, No, a bionic bordello isnt coming to rural Georgia, New homes loom larger in Atlanta market. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. $200,000 to the Secretary of State to establish the Georgia Access to Medical Cannabis Commission. Learn more about FindLaws newsletters, including our terms of use and privacy policy. Your rhetoric does not line up., Rep. Katie Dempsey, R-Rome, a budget subcommittee chairwoman, said, "To vote against this budget is to vote not to help some because we are not able at this time to help all.". House lawmakers added $8.5 million to provide school custodians a one-time $1,000 bonus to go with the money going to bus drivers and cafeteria workers. Contact: Michael Smith Updated: Dec. 8, 2021 Submit an announcement $47 million in cuts to the Department of Corrections, including: $35.3 million in cuts to state prisons, $7.6 million for health care and $1.8 million in reduced funding for Transition Centers. The 2.5% increases from the annual raise process will be processed in early 2022 upon receipt of additional guidance for eligible employees and are retroactive to July 1, 2021. This cookie is set by GDPR Cookie Consent plugin. The individual income tax is Georgias top revenue source, generating between 40 and 45 percent of the states total revenue. protocols to keep your personal information safe.