Governor ups tax revenue estimate, education spending - WRCBtv.com | Chattanooga News, Weather & Sports

Governor ups tax revenue estimate, education spending

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ATLANTA (AP) - Republican Gov. Nathan Deal has upped his estimate of how much tax money Georgia will take in next year and directed lawmakers to close the funding gap in K-12 education.

Deal's latest budget recommendation includes an additional $167 million for K-12 education. That money will allow lawmakers to fully fund the state's Quality Basic Education formula after over a decade of cuts, according to the Atlanta Journal-Constitution.

The funding is included in a $26 billion state budget for fiscal year 2019, beginning July 1.

The new budget includes $100 million in borrowing for transit projects and $360 million toward the teacher retirement pension system. It also calls for about $16 million in funding for improved school safety in the wake of the deadly school shooting in Parkland, Florida.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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