Enacted Budget – Fiscal Year 2024
On May 5, Georgia Governor Brian Kemp signed the state’s fiscal 2024 budget after making line-item vetoes, with total appropriations from all funds of $61.4 billion. Total state funds are $32.4 billion, an increase of 7.4 percent compared to the original fiscal 2023 budget (and a decrease of 0.2 percent from the amended fiscal 2023 budget). State general fund appropriations total $27.8 billion, an increase of 7.5 percent from the original fiscal 2023 budget (and a decrease of 1.01 percent from the amended budget). The fiscal 2024 budget is set by a revenue estimate of $32.4 billion for state treasury receipts, an increase of $2.2 billion, or 7.4 percent, over the original fiscal 2023 budget. In fiscal 2022, the Revenue Shortfall Reserve was $5.2 billion. The budget funds priorities including education, public safety, health care and human services. For K-12 public schools, the budget includes $127.2 million for enrollment growth and training; $26.9 million to fully fund school counselor ratios; and $13.3 million for the charter school supplement. The budget also includes $50.2 million to fully fund HOPE Grant and HOPE Public scholarships for higher education. For health and human services, the enacted budget provides $24.5 million for three additional behavioral health crisis centers; $10.95 million to annualize 513 slots for waivers for individuals with intellectual and developmental disabilities, along with $9.4 million for 500 additional slots; $6.3 million for additional mobile crisis teams; and $289.8 million for Medicaid and PeachCare to address expense and enrollment growth. The budget also provides $11.1 million for additional Medicaid eligibility staff to process redetermination cases. Under public safety, the budget includes $25.7 million to reflect the opening of one new state prison, $5.5 million to establish and operate a cold case specialty unit at the Georgia Bureau of Investigation, $26.5 million to provide an additional $2,000 to $4,000 salary increase for certain law enforcement officers; and funds to increase compensation for assistant public defenders and attorney positions at the Department of Law. For statewide changes, the budget provides $545.3 million to provide a $2,000 cost-of-living adjustment for state and Regents employees, pre-K teachers and assistant teachers, and certified K-12 personnel.