ATLANTA (AP) - Georgia House leaders are backing a proposal that
would preserve a property tax break for homeowners this year but
would likely eliminate it next year.
The homeowner tax relief grants, which reduce property taxes by
about $200 to $300 per homeowner, would be wiped out in the
governor's proposed spending plan. He said it was virtually
impossible to fund the $428 million program with the current $2.2
House leaders proposed Tuesday that the state would fund the
program this year but state revenue must grow by at least 3 percent
in future years for the grant to continue.
State Rep. Larry O'Neal, the plan's author, said that means
there's "almost zero chance" the program would be funded next
year. He said the proposal helps the state keep a promise to its
taxpayers while holding the door open to a possible revival.