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Georgia Local Governments to Lose $153 Million Over Five Years

May 13, 2014  |  Georgia Budget & Policy Institute
The information provided here is for informational and educational purposes and does not necessarily reflect the opinion and/or policy position of the Georgia Municipal Association.

Changes to Georgia's tax laws during the 2014 Legislative Session are estimated to cost local governments over $153 million between FY 2015 and FY 2019.

A previous version of the chart below included the impact of HB 729 which was vetoed by Gov. Deal.


 
An analysis by the Georgia Budget & Policy Institute (GBPI) estimates that Georgia's local governments will lose $153.7 million in revenue between FY 2015 and FY 2019 because of changes to Georgia's tax laws approved during the 2014 Legislative Session.

The same report estimates that the state of Georgia will lose close to $238 million due to the changes in tax laws. 
 
More information can be found in the GBPI policy report, Adding Up the Fiscal Notes: 2014 Session Recap. Please note that the GBPI report includes the impact of HB 729 on both state and local revenues and was written before Gov. Deal vetoed the bill.