A new report indicates about half of the country's states are seeing weak economic conditions that may lead to budget cuts in 2017.
But Georgia isn't one of them. The National Association of State Budget Officers' report suggested Georgia has the fourth highest rainy-day reserves in the country and that tax collections are stronger than in many other states.
"Certainly a recession is coming sometime soon," Michael Cohen, California's finance director told Governing, which covers state government news. "But I think economists in all of the state offices would tell you that's a really hard economic forecasting (task) of predicting when that's going to happen."
The report said half of the states saw tax collections come in lower than expected in fiscal 2016, which ended this summer, and about the same number are seeing the trend continue.
That's the highest number since 2010, when the Great Recession pummeled state budgets. Many states, the report said, are missing their targets, which could mean budget cuts when state lawmakers from most states meet early next year.
The Atlanta Journal-Constitution reported earlier this month that Georgia has had one of the fastest rates of revenue growth in the country. Many states, particularly in the middle of the country, have seen lower collections during 2016.
Georgia, meanwhile is on track to meet its budget - baring a major downturn in coming months - and could have leftover money to add to its reserves.
Only Texas, California and Alaska had larger rainy-day reserve funds heading into fiscal 2017, according to the National Association of State Budget Officers' survey.
When Gov. Nathan Deal took office in 2011 there was a little more than $100 million in reserves, barely enough to run state government for a day. He announced in September that reserves were up to $2 billion and, barring another recession soon, they could hit $2.5 billion by the time he leaves office in 2019.
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