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Georgia's Economic Outlook: Slow Growth Amid Tax Cuts

1/21/2026

Summary

Story summary

Georgia State Economist Robert Buschman told lawmakers January 20, 2026, at budget hearings that job growth would be slow and inflation persistent.
He noted that lower personal debt and stronger bank balance sheets are positives, while rising prices and business bankruptcies create a mixed outlook.
Governor Brian Kemp announced plans to join a school voucher tax program and proposed cutting Georgia's income tax rate from 5.19% to 4.99%, signaling resilience.

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Story summary

Georgia State Economist Robert Buschman told lawmakers January 20, 2026, at budget hearings that job growth would be slow and inflation persistent.
He noted that lower personal debt and stronger bank balance sheets are positives, while rising prices and business bankruptcies create a mixed outlook.
Governor Brian Kemp announced plans to join a school voucher tax program and proposed cutting Georgia's income tax rate from 5.19% to 4.99%, signaling resilience.