ATLANTA - Gov. Sonny Perdue has signed an $18.9 billion amended budget that includes cash to fund property tax breaks already promised to Georgia homeowners.
The budget plan, which covers the fiscal year that ends June 30, slashes about $2 billion in state spending to close a huge budget hole. The state has seen its tax collections slide in recent months.
The budget contains $625 million in federal stimulus dollars for Medicaid and education. That federal cash helped the state fund some $428 million in homeowner tax relief grants, which translates into about $200 to $300 per household. That money was already included in property tax bills. But the relief could disappear next year because a new law will link future grants to the state's economy.