Fiscal Year 2023 Budget
The House fulfilled its only constitutional obligation late in the night on Sine Die when we voted to adopt a conference committee report for House Bill 911, the Fiscal Year 2023 (FY 2023) budget. Upon the governor’s signature, the FY 2023 budget will go into effect on July 1, 2022, and is set at a record-breaking revenue estimate of $30.2 billion, which is an increase of $2.9 billion or 10.8 percent over the budget we passed last session. Due to positive economic projections, HB 911 would permanently restore nearly $669 million that was originally eliminated from the budget following the initial fallout from the pandemic in 2020. The House and Senate were able to finalize a budget that would make historic investments in our state agencies, and I want to bring your attention to just a few significant investments included in this budget.
HB 911 includes:
$758 million for the state’s workforce to help reduce the high turnover rate of state employees.
A well-earned $5,000 cost-of-living adjustment (COLA) for eligible state employees, allow state employees to withdraw and be compensated for up to 40 hours of accrued leave annually, increase the employer 401(k) match up to nine percent and prefund a COLA for state retirees.
$62.4 million for additional targeted salary adjustments to prevent workers from leaving for higher paying jobs in other government agencies or the private sector after they’ve been trained.
$148.9 million in new funds to bolster funding for mental health coordinated care and law enforcement systems in every region of the state.
Law enforcement agencies would be able to hire additional law enforcement positions and make salary adjustments to further tackle crime and keep citizens safe in our state.
Health and judicial state agencies would also receive ample funding to support and expand services for Georgians who are facing a mental health crisis or addiction, including expanding accountability courts, suicide prevention support, crisis bed availability and a workforce to deliver those services. This funding would work in conjunction with provisions in the House’s Mental Health Parity Act (House Bill 1013).
Funding for K-12 education dominates nearly 40 percent of the FY 2023 budget, totaling $11.8 billion to fully fund Georgia’s public schools. The FY 2023 budget also includes $291.7 million to provide a $2,000 pay increase for certified teachers and employees, allowing us to complete our original goal to increase teacher pay by $5,000.
The teacher’s retirement system would also greatly benefit from additional funding in this upcoming state budget.
To promote a healthy Georgia, this budget includes $5 million in Low-Income Medicaid funds, allowing the state to submit federal waivers to provide Medicaid benefits to individuals with HIV and to remove the five-year waiting period for lawful permanent residents to qualify for benefits.
We also appropriated $1.8 million for more lead inspectors and testing machines based on legislation that was recommended by the House Study Committee on Childhood Lead Exposure.
HB 911 would also allow for the elimination of special institution fees at our state colleges and universities, fund workforce programs for high-demand careers, as well as implement a 10 percent provider rate increase for foster parents, relative caregivers, child caring institutions and child placing agencies.
These are just some of the major funding initiatives that I am eager to share with you, and a complete list of FY 2023 budget highlights can be found
here.