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Georgia legislators approve reduction in income tax and provide relief for property tax.

Georgia legislators approve reduction in income tax and provide relief for property tax.

Politics

On the final day of the 2026 regular session, the General Assembly approved a budget but did not address issues related to Georgia’s voting system.

Late Thursday, lawmakers passed measures to considerably reduce income taxes and diminish property tax relief.

They also enacted a spending plan of $38.5 billion, which increases funding for child literacy, retirement benefits, and other key areas.

  • Approved a $38.5 billion budget for 2027 that focuses on essential priorities for both legislative chambers, with the Senate securing an additional $100 million for the Employee Retirement System in Georgia.
  • Allocated $70 million for literacy coaches in every elementary school in the state, funding which is derived from the state’s basic education funding system, requiring local governments to contribute a portion.
  • Passed legislation to make the anti-parasitic drug ivermectin available without a prescription.

This article has been updated to clarify aspects of the property tax proposal that the General Assembly passed on Thursday. A cap will be implemented on real estate valuations based on the rate of inflation.

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