Budget Agreement Finalized: QBE Fully Funded
This morning the conference committee on Georgia’s FY 2019 Budget met to announce an agreement on the final budget, likely to be voted on today in both chambers.
Of note, the economy has continued to grow and the Governor’s revenue estimate has been adjusted upward. As such, not only will Governor Deal leave office with a rainy day fund, but QBE – the formula that funds Georgia’s local school system – will be fully funded for the first time.
It’s been an interesting journey for Governor Deal, who took office with 2 days cash on hand in the state’s coffers. We’ve made incremental progress in fiscal issues across the board, while funding education with at least half of revenue growth or more virtually every year since the great recession.
The result is 8 years in the making. Education is fully funded by a formula set decades ago, and the state has cash in the bank.
Whomever is taking over this state next January will find a full cupboard, and a fully funded education system.
Congratulations go not only to Governor Deal, but to Appropriations Chairmen Terry England and Jack Hill. Y’all have made a great team.
About Author
Charlie
Founder of GeorgiaPol.com; Now weekly columnist Very interested in Georgia and Georginas. Interest in politics is waning daily.
Add a Comment
You must be logged in to post a comment.
Atlanta, GA – Lt. Governor Casey Cagle today said the FY 2019 budget, which will fully fund QBE and elevates appropriations for public education to the highest level in state history, proves that conservative leadership can deliver significant public investment in our children’s future while also reducing the tax burden on Georgia families.
“Education is the great equalizer that gives every Georgian the tools to become personally and professionally successful. Thanks to the conservative leadership of Governor Deal, Speaker Ralston, and the General Assembly, we’re investing more in our students than ever before – and we’re doing so at a time when we’re reducing income taxes on every Georgian who earns a paycheck.
“Fully funding QBE will help ensure all of Georgia’s students – regardless of region, county, or ZIP code – have access to world-class public schools. What makes this achievement so remarkable is that we’re changing how our schools educate students to prioritize funding where our greatest needs exist. Reaching this milestone means we are investing to ensure every 3rd grader can read, expanding science, technology, engineering, and math programs, and growing Georgia’s College and Career Academy Network and apprenticeships statewide.
“Our commitment to fiscal responsibility and balanced budgeting continues to direct more resources to local schools – providing greater flexibility to serve individual student needs.”
Notable.