Georgia Governor Kemp Vetoes $300 Million in Spending Following Income Tax Cuts
Georgia Governor Brian Kemp has vetoed $300 million in spending to balance the state budget after implementing significant income tax cuts. The vetoes affected funding for reforestation, land conservation, historic building restoration, the arts, and short-line railroads. Kemp justified the vetoes by stating that the General Assembly did not account for the revenue loss from the tax cuts. The new tax law reduces the state income tax rate and increases standard deductions, creating a budget shortfall. Kemp's budget team anticipates that increasing revenue collections will help close the gap, but if not, future budget adjustments may be necessary. 
