Good News from Georgia
By David Henderson
Start with the state’s economy, which had a relatively low jobless rate of 7.6% in July. Construction was never shut down, and schools in much of the state are opening for classroom instruction. The state expected a budget shortfall of $1 billion for the year but the actual deficit was $210 million. Mr. Kemp says sales tax revenue is rebounding and the state hasn’t exhausted its $700 million reserve fund.
This is from a Wall Street Journal editorial titled “Georgia’s Pandemic Progress,” August 24, 2020 (electronic) and August 25 (print).
Recall all the flak that Governor Brian Kemp got for opening too soon. Well, it paid off.