Today we’re going to talk about medical miracles, and the key role that Georgia can play in bringing them to life. The price of admission is a brief detour through the state budget.
Gov. Sonny Perdue released his revenue estimates for fiscal 2011, and of the dozens of line items only a handful of numbers are bigger than they were in 2009. Yet the bottom line is about $325 million larger. What gives?
Lottery revenues are rising, for one. A hospital provider fee is proposed. But the line that really sticks out is “All Other Departments,” which projects a $290 million jump.
That $290 million represents the estimated result of selling part of the state’s loan portfolio. Since the 1980s, the Georgia Environmental Facilities Authority has financed water and sewer projects for local governments. The original idea was to help cities and counties that couldn’t borrow in the private markets, but even investment-grade counties like Cobb and Gwinnett have come to rely on GEFA from time to