On Monday, Georgia lawmakers agreed on a midyear spending plan that includes a property tax cut of about $1 billion for Georgians.
The budget fulfills some of the promises made by Republican Georgia Governor Brian Kemp earlier this year.
Kemp responded to an article from the Atlanta Journal-Constitution reporting the news on Twitter, writing, “Thank you to the General Assembly for passing the AFY23 budget yesterday which includes $1B in property tax relief for hardworking Georgians, safety grants for every school, investments in economic development for rural Georgia, and much more.”
https://twitter.com/GovKemp/status/1633195503830675458?s=20
According to the report, “Under the spending plan, homeowners would receive an extra one-time exemption on the value of their homes at tax time, a move that Kemp said in January would save those Georgians, on average, about $500. It would cost the state about $950 million.”
“Lawmakers included money in the midyear budget for $50,000 safety grants in each school, money to help students who may have fallen behind academically during the COVID-19 pandemic, and more money in dozens of other areas, such as health care, rural workforce housing development, prisons and public safety,” the report added.
The Georgia Senate is also considering a $1 billion income tax rebate proposed by Kemp, which has already been approved by the House. Under this legislation, married couples who file jointly would receive $500 and single filers would receive $250.
