Perdue signs Ga. budget

ATLANTA (AP) - Gov. Sonny Perdue has signed an $18.9 billion amended budget that includes cash to fund property tax breaks already promised to Georgia homeowners.

The budget plan, which covers the fiscal year that ends June 30, slashes about $2 billion in state spending to close a huge budget hole.

The state has seen its tax collections slide in recent
months.

The budget contains $625 million in federal stimulus dollars for Medicaid and education.

That federal cash helped the state fund some $428 million in homeowner tax relief grants, which translates into about $200 to $300 per household.

That money was already included in property tax bills. But the relief could disappear next year because a new law will link future grants to the state's economy.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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