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AJC EXCLUSIVE STATE BUDGET; ; Georgia hangs onto savings

Aug 24, 2020 - The Atlanta Journal-Constitution

Despite fears of COVID-19 downturn, tax collections keep reserve fund afloat.

Three months ago state officials were concerned all the work done to build up the government's financial reserve since the Great Recession would be quickly wiped out by the COVID-19 downturn.

But that hasn't happened.

Tax collections -- which were expected to plummet by $1 billion or more in only a few months -- came in stronger than expected. And most of the $2.8 billion in savings the state had buil...