The Governor of the State of Georgia, Nathan Deal, in his State of the State Address, released his FY 2016 Amended and FY 2017 Budget proposals. The proposed FY 2017 Budget totals $23.7 billion, with $300 million in additional funds for teacher salary increases and $26.2 million for Pre-K teacher pay raises. Funds are appropriated for a 3% pay increase for teachers, Regents faculty, and staff.
The Amended 2016 Budget includes:
Student Finance
$20,233,824 for growth in the Move on When Ready dual enrollment program.
$30,326,187 in additional lottery funds for an increase in HOPE and Zell Miller Scholarship recipients attending public postsecondary institutions.
$525,808 in state funds to meet the projected need in the North Georgia Military Scholarship Grants program.
The proposed 2017 Budget for the Georgia University System includes the following:
University System
$43,516,661 for resident instruction to reflect an increase in credit hour enrollment and square footage at University System institutions.
$538,100 for operating expenses for the Military Academic and Training Center in Warner Robins.
$153,895,000 in bonds for new capital projects as well as major repairs and renovations at all University System institutions.
$4,000,000 in bonds for major repairs and renovations and technology improvements for public libraries statewide.
Student Finance
$59,117,809 in additional lottery funds for an increase in HOPE and Zell Miller Scholarship recipients attending public postsecondary institutions.
$29,426,180 in state funds for growth in the Move on When Ready dual enrollment program.
$750,000 in state funds for the REACH Georgia Scholarship to expand the program to additional school systems and to pilot a program for youth in foster care.
$1,212,295 in state funds to meet the projected need and reflect a reduction in other funds in the North Georgia Military Scholarship Grants program.
Technical College System of Georgia
$891,484 for the maintenance and operation of additional square footage at system institutions.
$1,187,896 for equipment at the Military Academic and Training Center in Warner Robins.
$118,395,000 in bonds for new capital projects, as well as repairs, renovations, and equipment at all TCSG institutions.