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Today is Friday, November 28, 2014 

Latest News

NOTES FROM THE SENATE, NOVEMBER 26, 2014
RSR GROWTH ONE KEY TO GEORGIA’S PROPERITY

Having a healthy Reserve is seen as a cushion against dips in the economy and provides reassurance to bond underwriters that Georgia will address any contingencies that arise. One of the three bond underwriters, Fitch, said this about Georgia and its bonds in the rating document published this past June: (More)
NOTES FROM THE SENATE, NOVEMBER 21, 2014
GEORGIA’S “RAINY DAY FUND”

The Revenue Shortfall Reserve (RSR), or the “rainy day fund” serves important purposes in the state government. It is a contributing factor in Georgia being able to maintain its perfect triple AAA bond rating, and it also has helped the state ride out declines in revenues from time to time.  (More)
NOTES FROM THE SENATE, NOVEMBER 17, 2014
FY16 BUDGET: REVENUE GROWTH ENOUGH FOR “MUST DO” ITEMS—NOT MUCH ELSE

The solid 5% growth being reported right now is good news and with four months completed of the fiscal year, a strong revenue growth year appears very possible. Obviously this fact has been noticed by state departments and while they were instructed by the Governor to submit “flat” budget requests, there are already meetings being held where new slides mysteriously appear with new initiatives that could happen “with new funding.” (More)

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