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Georgia

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Georgia

Rank: 8 (No change)
Budget gap (as a % of the total budget): 12.90%
Total gap: $2.7 billion
Gap before budget was approved: $245 million
Additional midyear gap: $2.5 billion

The state's economy has been hurt by a slowing housing market. The governor asked state agencies to cut 4% to make up an expected shortfall in the $21 billion budget for the coming fiscal year.