Georgia’s early look at cutting the state budget to offset falling revenues was flagged Monday for its potential to harm the state’s quality of education and weaken the credit rating of local school districts, according to a credit outlook released by Moody’s Investors Service.
Tag: State spending
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Gov. Kemp’s spending cutbacks follow historic pattern: Moody’s Investors Service
Gov. Brian Kemp has ordered a 4 percent reduction in state spending starting Oct. 1 and a 6 percent cut starting next July 1. The move is in keeping with the long line of Georgia governors who have cut spending as revenues decline and maintained a high credit rating, according to Moody’s Investors Service.
