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Georgia Lawmakers Approve $37.8 Billion Budget for 2026

Atlanta's skyline reflecting the significant funding increase in education and welfare for the upcoming budget.

News Summary

Georgia lawmakers have approved a monumental budget of $37.8 billion for the state, effective July 1, 2025. This budget emphasizes education, welfare, and includes a notable commitment to funding private school vouchers and support for low-income students. Significant changes like tax deductions for parents and infrastructure funding were also emphasized, aiming for improved welfare services and education in Georgia. With overwhelming support from both the Senate and House, these developments will greatly impact families and communities across the state.

Exciting Times in Atlanta: Georgia Lawmakers Greenlight $37.8 Billion Budget for 2026!

In the heart of Atlanta, Georgia lawmakers have rolled up their sleeves and crafted a comprehensive budget that amounts to a whopping $37.8 billion in state funds. Mark your calendars as this budget is set to take effect on July 1, 2025, and it comes with a fresh perspective on education, welfare, and more!

The Numbers Are In!

In a spectacular show of unity, the Senate voted with a 54-1 majority while the House followed suit with a striking 170-5 vote in favor of this expansive budget. This budget comes packed with changes, particularly when it comes to education funding. For the very first time, and quite buzzworthy indeed, more funds are being earmarked for private school vouchers and educational support aimed at low-income students. This is shaping up to be a game-changer for many families in Georgia!

What’s New in Education Funding?

One of the standout features of this newly approved budget is the introduction of House Bill 68, which includes increased funding to address Georgia’s troubled prison system. Not to be overlooked is a notable commitment towards education — a staggering $141 million is set aside for a new voucher program for private schools and homeschooling. At $6,500 per voucher, this allocation has the potential to benefit over 21,000 students. How exciting is that?

Initially, the House had proposed a more modest $46 million which would have allowed for about 7,000 vouchers. With current applications for the voucher program already at over 4,500, families are eager to get in on the action, but keep an eye on the clock as the final application period closes on April 15!

More Support for Low-Income Students!

In an unprecedented move, Georgia is stepping up its funding for schools that cater to low-income students. This budget allocates $15.3 million to assist schools that educate high numbers of underprivileged children. The initial proposal from the House was even higher at $28 million! With around 625,000 public school students hailing from impoverished households — which accounts for about 36% of the student population — it’s easy to see why this funding is so crucial.

Lawmakers are suggesting that schools should ideally invest an additional $1,000 for each low-income student to truly make an impact, which could amount to a staggering $625 million statewide. Wow! That would surely make a big difference!

Tax Changes That Benefit Parents

Also on the agenda is House Bill 36 which will allow parents to deduct up to $250 per child under age 6 from state income tax starting in 2026. And for those looking at childcare costs, good news is on the way! The tax credit for childcare expenses is set to skyrocket from $900 to $1,500 per child. Plus, a brand-new subsidy for employers covering childcare costs will provide a $1,000 credit for each employee’s childcare expenditure in the first year, followed by $500 the subsequent years.

Infrastructure and Retirement Needs

In keeping with a responsible approach, the state is opting out of borrowing for construction projects for the third year in a row, choosing instead to use current revenue for a solid $715 million in expenditures. There’s also a $10 million increase for the state Employees Retirement System that may result in about $200 in one-time bonuses for retirees, a move that is sure to make many happy!

Rural Communities and Safety Considerations

While all this sounds promising, there have been some rough patches in the discussions, particularly surrounding funding levels concerning school safety, mental health support, and grants to rural communities. The Senate’s budget proposal received a vote of 48 to 7, and the goal is to successfully finalize this budget before the legislative session wraps up soon. How exciting it is to see Georgia lawmakers bustling about, working on changes that could enhance so many lives!

Keep your ears to the ground as these budget changes unfold. With such significant investments in education, welfare programs, and support for families, there’s plenty to look forward to in Georgia’s future!