Editorial: GA has $2 billion in reserves - WSFA.com Montgomery Alabama news.

editorial

Editorial: GA has $2 billion in reserves

(Source: WSFA 12 News) (Source: WSFA 12 News)
MONTGOMERY, AL (WSFA) -

A recent headline in the Atlanta Journal-Constitution read, Georgia’s budget reserves swell to record $2.05 billion.

The fiscal 2016 end of the year report shows the state of Georgia’s reserves up 43% from the end of 2015.

What is the cause of that rather impressive amount of reserves? There is no silver bullet. It is a combination of several things.

The tie that binds is conservative spending. Something that our legislature likes to pride themselves on. But where Georgia gets it right is that they understand that you can only be conservative with your money if you have it. Georgia understands that there has to be revenue to run the government.

It is the state government's job to be conservative with that money. So yes the Georgia Lottery adds revenue, but so does a property tax level that is above ridiculously low.

Today Georgia’s Medicaid is funded, their court systems run on time, their prison system is not at 190% of capacity and their state law enforcement officers are getting a 20% pay raise. All that said and they will still have over $2 billion in the bank.

I get it. We are Alabama, not Georgia, and we don’t want to be Georgia. We don’t need to be, but contrary to many peoples thinking, we must grow. To grow we have to attract outside business, and we are a long way from being attractive. 

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