State Budgets: Georgia Orders Spending Cuts, Considers Borrowing January 1, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman State officials say that Georgia faces a $1.6 billion to $1.8 billion shortfall in its current $21 billion budget. Gov. Sonny Perdue (R) has ordered agencies to cut spending by 8% and plan for cuts in their 2010 budget requests. Perdue has unveiled plans for borrowing to spend on new capital projects and raising taxes on hospitals. More on Georgia here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Georgia Tags State Tax and Spending Policy
