February 26, 2016

Georgia Budget & Policy Institute: Senate Resolution 756 threatens to disrupt Georgia’s long-term finances

ITEP Work in Action

Senate Resolution 756 threatens to undermine Georgia’s ability to remain an attractive state for families and businesses. Passing the amendment creates a rigid formula in Georgia’s constitution that inflicts a series of never-ending automatic revenue cuts based on arbitrary targets. This formula is harmful to Georgia’s growth, especially if coupled with House Bill 238’s proposal to create a flat income tax of 5.4 percent, which is detailed in a companion GBPI analysis. Lower revenue could harm Georgia’s capacity to meet increasing educational and infrastructure needs of a swelling population.

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