Georgia not as fiscally restrained as many states - Los Angeles Local News | FOX 11 LA KTTV

Georgia not as fiscally restrained as many states

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ATLANTA -

Georgia government doesn't save as much as many other states, while recent state spending increases outpaced the national average. Those are conclusions from a new nonpartisan analysis of all 50 states.

The National Conference of State Legislatures found that Georgia finished the 2011 budget year with a cash balance that is 2.1 percent of total general fund spending. For 2012, the estimate is 2 percent. The national average for 2012 is 7 percent. Georgia's spending climbed 5.2 percent from 2011 to 2012. The average was 3.1 percent. The good news: Georgia's revenues also increased 5.2 percent, more than the 2.9 percent average among all states.

The report comes as Georgia colleges and other agencies prepare for general fund cuts, in part to help cover rising health care costs.

 

Copyright 2012 The Associated Press.

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