Governor Sonny Perdue signed House Bill 143 Tuesday, which funds the $428 million in homeowners' tax relief grants for this year. The grant is worth around $200 to $300 per household.
The governor said cash from the federal stimulus package will help fund the program.
But House Bill 143 also ties future grants to the state's revenue figures. Next year's grants will likely not be funded, especially with Perdue's announcement today that he's telling state agencies to cut another 1% from their budgets.
In signing the bill, Perdue says, "We cannot budget based on the unknown."
Perdue also lowered this year's revenue estimates by an additional $450 million. This puts Georgias budget deficit close to $2.7 billion.
The governor said cash from the federal stimulus package will help fund the program.
But House Bill 143 also ties future grants to the state's revenue figures. Next year's grants will likely not be funded, especially with Perdue's announcement today that he's telling state agencies to cut another 1% from their budgets.
In signing the bill, Perdue says, "We cannot budget based on the unknown."
Perdue also lowered this year's revenue estimates by an additional $450 million. This puts Georgias budget deficit close to $2.7 billion.
