Proposed Budget - Fiscal Year 2023
On January 13, Georgia Governor Brian Kemp released a $57.7 billion budget proposal for fiscal 2023, a decrease of 1.0 percent from the amended fiscal 2022 budget. From state funds the budget proposes spending $30.2 billion in fiscal 2023, an increase of 1.1 percent from amended fiscal 2022 while general funds total $25.9 billion, a decrease of $34.2 million or 0.13 percent from amended fiscal 2022. State general fund receipts are projected at $28.6 billion in fiscal 2023, an increase of 1.8 percent over amended fiscal 2022, while total state treasury receipts are estimated at $30.2 billion, a 2.03 percent increase. The Revenue Shortfall Reserve was $4.3 billion at the end of fiscal 2021, reaching “filled” status as current law provides that the reserve cannot exceed 15 percent of the previous fiscal year’s net revenue. Across state funds appropriated in the budget, the largest categories of spending are dedicated to Educated Georgia (52.5 percent), Healthy Georgia (23.8 percent), Safe Georgia (7.4 percent), and Mobile Georgia (6.9 percent).