Georgia, like all the other states, has a budget. This budget is developed and proposed every year (annually) by the Executive branch. This developed budget then goes to the Legislative branch to be amended and approved, and is then passed, but only if it follows the Balanced Budget Amendment, which is found in the state constitution and simply states that the state must not spend more than its income. The annual budget is then used to see how much will be spent on certain areas (such as education). The money spent from this is called expenditures.
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Governor Nathan Deal helps with
the State Budget. |
You might be wondering, "Where does this money come from?". The answer is taxes. Most of Georgia's revenue (money taken in) comes from Personal Income tax, which is taken from one's income brought in from working, and Sales tax, which is a tax on pretty much everything one can buy (books, groceries, video games, movies, etc.).
Fun Facts:
Most of the state's expenditures goes towards the Education of Georgians.
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