Income tax cut creates $1.3 billion budget hole

By Jill Nolin | Editor

On Monday, Gov. Brian Kemp signed an income tax cut package into law. On Tuesday, he rolled out about $300 million in reductions to next year’s budget to help fill the $1.3 billion hole created by the tax breaks. But that still leaves a $1 billion shortfall.

Gov. Brian Kemp defended the decision to sign a tax cut bill even though he said it meant making “a few difficult choices” on new spending. Jill Nolin/Georgia Recorder

STATE BUDGET

Governor cuts budget after income tax bill creates $1.3 billion hole

By Jill Nolin

An income tax cut bill that the governor signed into law Monday has caused a $1.3 billion revenue shortfall for next year’s budget, which takes effect in July. Kemp signed the income tax reduction measure Monday and then on Tuesday announced that he had made about $300 million in cuts to new spending to help cover the resulting deficit.

Candidates for U.S. Senate from Georgia from left, top: Congressman Buddy Carter, Congressman Mike Collins, bottom: Derek Dooley, Sen. Jon Ossoff. Ross Williams and Alander Rocha/Georgia Recorder

2026 ELECTION

Five things to know about the upcoming Senate election in Georgia

By Ross Williams

This time next week, the GOP field to face off against Democratic Sen. Jon Ossoff should be at least narrowed down. Here’s what to know as the big day approaches.

Stacey Abrams speaks at an Atlanta rally for Vice President Kamala Harris, July 30, 2024. Ross Williams/Georgia Recorder

POLITICS

Georgia Senate committee shifts its focus to Stacey Abrams and allies

By Ross Williams

Stacey Abrams said she will appear before the panel “at a mutually agreeable date,” but in a statement called the hearing a partisan sham aimed at intimidating voting rights advocates.

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ICYMI FROM THE RECORDER

Georgia Democrats are still pledging to expand Medicaid. But in 2026, it’s more complicated. | Alander Rocha
Five Democrats competing to challenge appointed Republican labor commissioner | Ross Williams
Kemp approves property tax relief for Georgia homeowners amid concerns over local revenues, process | Jill Nolin

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