PDF: GBPI study
When stimulus funds run out in June 2012, Georgia could plunge over a financial cliff that leaves state leaders with four grim options for funding education, a recent study states.
Lawmakers can beg for more federal stimulus money, hike taxes, shift the funding burdens to the local level or continue cutting education, according to an analysis by the Georgia Budget and Policy Institute.
“It’s important for people to know that this isn’t temporary,” said the institute’s deputy director, Sarah Beth Gehl, author of the analysis.
“We’re going to have a revenue problem for several years to come,” Ms. Gehl said. “We’re facing very limited options.”