Thursday, August 28, 2008
News Raisin' taxes hurts GOP
Posted by Scott Henry @ScottTheHenry on Thu, Aug 28, 2008 at 2:28 PM
Gov. Sonny Perdue's plan for fixing a hemorrhaging state budget would cost Georgia homeowners upward of an extra 200 bucks a year — but it could end up costing Republicans even more.
With revenue collections now clogging the toilet, Perdue announced earlier this month that projections were indicating a $1.6 billion (yes, that's a "B") shortfall in the $20 billion current-year state budget. Part of his proposed remedy – eliminating the state Homeowner Tax Relief Grant – can be viewed as an affront to hardworking Georgia families struggling to make financial ends meet.
Or, if you're a Democratic strategist, you can dance a jig and thank your nondenominational deity for yet another in a string of priceless political gimmes from a state Republican Party that seems determined to shoot itself in the foot with an AK-47.
But let's back up a moment for a remedial course on Georgia taxes. The tax-relief grant in question was an initiative passed 10 years ago by then-Gov. Roy Barnes, under which the state reimburses cities, counties and school systems for a large chunk of local property-tax bills. The program has much the same effect as a homestead exemption, saving the typical taxpayer between $200 and $300 a year.
Read the rest if this article here.
(Photo by Joeff Davis)
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