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FEATURE: Gov. Deal announces additional funding for education, transit in FY19 budget

Brunswick Business Journal Staff Report

March 27, 2018 - Gov. Nathan Deal recently announced an increase in the FY 2019 state revenue estimate by more than $194 million over initial projections, bringing the new revenue estimate to more than $26.2 billion. As a result, Deal amended his budget recommendation initially presented in January to include an additional $167 million for K-12 education. These funds will ensure the state is fully funding the Quality Basic Education (QBE) funding formula and providing local school systems with 100 percent of the state’s share in financing for local schools.  

“Georgia’s strong economic growth in recent years has allowed us to invest heavily in education, transportation, public safety and health care,” said Deal. “These investments have in turn helped to create more economic growth by helping Georgia achieve and maintain its state as the No. 1 state in which to do business. This year, as a result of stronger-than-anticipated state revenue performance and federal tax reform, I’m amending my FY 2019 budget to include additional funding in a number of areas, including education and transit, two areas that companies often cite as important factors in determining where they wish to grow and expand their businesses.

“The addition of $167 million to K-12 education will bring total funding for education to $9.6 billion. This investment will give local school systems the opportunity to provide the programs necessary to improve struggling schools and enhance student performance. During my time as governor, I have consistently heard from educators who have cited a lack of funding as a barrier to achieving success in their classroom. This additional $167 million will ensure the state is fully doing its financial part to address their concerns. Finally, fully funding QBE provides a stronger foundation to lawmakers and stakeholders to reform this outdated formula to accommodate the needs of today’s students and 21st-century classrooms.

“In keeping up with the demands of a 21st-century economy and workforce, and in agreement with House and Senate leadership, we are allocating $100 million in bonds for transit funding. This investment will go a long way in reforming and addressing our transit system needs. Pending passage of a transportation bill I can sign, this funding will go into effect.

“I look forward to final passage of a budget that prioritizes the long-term economic health of our state by fully funding our K-12 schools and improving transit opportunities for Georgians statewide. These additional investments, along with my other budget priorities, will continue to keep Georgia the top place to live, work and raise a family.”

More Articles...

  1. March 27 – 6:30 p.m. - Senate Votes Increased funding for Charter Schools, as Deal Again Increases Revenue Projections
  2. March 27 – 1:00 p.m. - Senate Plows Through Long List of Bills on Second to Last Day of General Assembly
  3. Feb. 12 - January State Tax Revenues up 16.7 percent, Far in Excess of Projections
  4. Jan. 11 – $35 Million for Harbor Deepening in 2019 State Budget Proposal; Highlights by Department
  5. FEATURE – STATE of the STATE: Reminding Legislators their actions benefit future generations, Gov. Nathan Deal urges leaders ‘to water the trees’ he has planted
  6. Jan. 10 – Legislature to be asked to support $25 million for ‘Regional Airports’ in 11 mostly rurual counties
  7. FEATURE: Gov. Deal … ‘Nothin’ lame ‘bout this duck’ at he makes first pitch for his 2019 Budget at GA Chamber
  8. Jan. 10 – Gov. Deal to file legislation for creation of Local Government 9-1-1 Authority
  9. Jan. 9 – Dec. Tax Revenues up 10 Percent as Gov. Deal’s ‘State of the State’ set for Wednesday
  10. FEATURE: Site Selection ranks Georgia No. 1 for business for fifth straight year, a record
  11. Sept. 6 – Gov. Deal declares state of emergency ahead of Hurricane Irma for six coastal counties, including Glynn and Camden
  12. Sept. 1 – GBI Investigation of Rep. Jason Spencer sought by Georgia Legislative Black Caucus in response to Facebook threats
  13. Aug. 28 – Gov. Deal, members of King family, and GLBC leaders unveil Martin Luther King Jr. statue at Capitol
  14. July 23 – Lt. Gov. Cagle announces $2.7 million war chest, and endorsement by 58 Georgia Sheriffs
  15. July 11 - Movies and TV Shows Shot in Georgia, an Industry Now Generating $9.5 billion for the State

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