Budget Week at the Capitol refers to the second week of the legislative session where both chambers are adjourned to allow for the Joint Appropriations Committee to hear budget presentations on the Amended Fiscal Year 2024 (AFY24) budget and the Fiscal Year 2025 (FY25) budget.
Highlights from the Budget Week presentations, by policy area:
Transportation
- $1.5 billion in new AFY24 funds across all GDOT programs which will expedite projects currently in the pipeline, churning through the backlog, and securing contractors.
- $200 million in new Local Maintenance and Improvement Grants (LMIG) funding for AFY24. This is a near double investment in this important funding program.
- $3.3 million to the Department of Agriculture in AFY24 for equipment and vehicles for the Electric Vehicle (EV) Charging Program.
- SB 146, passed in the 2023 Session, requires the Department to regulate EV Charging stations starting on Jan. 1, 2025.
- $1 million to the Dept. of Agriculture in FY25 for 10 inspector positions for the EV Charging Program
Community Development
- $100 million in new AFY24 funds to support the Department of Community Affair (DCA) Regional Economic Business Assistance (REBA) incentive program that is used to help "close the deal" when companies are considering Georgia for their location or expansion. REBA funds may be used to finance various fixed asset needs of a company including infrastructure, real estate acquisition, construction, or machinery and equipment.
- $250 million in new AFY24 funds for Georgia Environmental Finance Authority (GEFA) to support low-interest loans to local governments for the development of water/wastewater infrastructure.
- Over $56 million in new funds between AFY24 and FY25 for the DCA's Rural Workforce Housing Initiative which supports the development of key infrastructures or site preparations to develop workforce housing.
Public Safety
- $1.89 million for the Georgia Bureau of Investigation to fund 21 Crime Lab positions to assist with backlog at the lab.
- $1.5 million for GBI to restore laboratory instrument service contracts, keeping vital equipment in commission.
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