Jon Burns

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Georgia's $16 billion tax gamble

Advancing competing property tax cut proposal

A Georgia Senate committee voted 6-3 along party lines to eliminate the state's income tax by 2032, starting with exempting the first $50,000 for individuals and $100,000 for couples in January 2027. The move would immediately blow a $3 billion hole in the state budget mid-fiscal year, eventually eliminating a $16 billion revenue stream that funds schools, healthcare, and infrastructure.

Updated May 19

Notable Quotes

"We've got to have the details, and it has to work. We need to make sure we can continue to do vital services—health care, public safety, education, all the things we talked about."

from Georgia's $16 billion tax gamble · Updated May 19

"Georgians should never face the possibility of losing that home because we can't afford to pay rent to the government."

from Georgia's $16 billion tax gamble · Updated May 19