Georgia has faced some of the toughest fiscal times in its history. Revenues are are down to levels they were 8 years ago and yet the state is providing services to nearly a million more residents.
To address these issues, Billy joined his conservative colleagues in cutting the actual budget by 20%. These are real reductions in spending. This crisis has allowed us to better focus what tax dollars should and should not be spent on.
Also this past Session, Billy supported two major tax eliminations. Both the income tax on Seniors retirement income and the state portion of the property tax will be phased out. At full implementation this will save Georgia taxpayers over $200 million annually.
Another step, that Billy supported, towards major tax reform is the establishment of a committee to review all taxes and exemptions we have in Georgia. This group will make a top to bottom review of the state's overall tax policy and provide reforms that will make us more competitive with neighboring states and make the tax burden fairer to all Georgians.