State Issues
Proposed 2025 Budget Is 11.3% Higher Than 2024 Original Budget
March 22, 2024
The Georgia House passed their version of the FY 2025 budget earlier this month and the Senate finalized their version Tuesday, March 26th. Negotiations between the House and Senate will now begin so a final version can be approved before the session ends on Thursday, March 28th.
The proposed $36.1 billion 2025 state budget includes an increase of $3.6 billion or 11.3% over the original FY 2024 budget.
Kemp’s budget plan, endorsed by House and Senate leaders included raises for Georgia teachers and rank-and-file workers. If approved, other employees, such as those in state law enforcement, will receive a 4% raise plus an extra $3,000.
The House version of the budget includes funding for several initiatives to support housing and economic development programs. These include:
- $2.4 billion in funding for Georgia’s transportation infrastructure.
- $2.1 million for a comprehensive overhaul of the Professional Licensing Boards Division
- $250,000 to continue implementation of the Electric Vehicle Charging Pilot program.
- $1 million to create the accountable housing initiative.
- $3.7 million for the State Housing Trust Fund
- $6 million in existing funds for the Rural Workforce Housing Initiative.
About the 400N Market Brief
The 400 North Association of REALTORS® (400N) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 770.845.4008.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the 400 North Association of REALTORS®
The 400 North Association serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the 400 North Association has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Forsyth, Dawson and Lumpkin area. The Association has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.