Our unemployment is the lowest in history. Our rainyday fund balance is at a record high. We have implemented only the second in history and the largest income tax rate cut Georgia has seen. It will start phasing in, and our 8th overall lowest tax rate in the country will start dropping down. I don’t, however, see us replacing the number one state of Alaska unless we strike oil. Our fiscal year ending June 30, 2021, was a record for new investment in Georgia at $11 billion. The fiscal year for this year ending June 30, 2022, shattered that record at $21 billion. Over 70% of the new investments in both years are outside the 10-county metro area, strengthening all of Georgia. Our Savannah port (the second busiest on the east coast), of which Northwest Georgia is the largest user in the state, had another record quarter. Many businesses are switching to Georgia because of the backlogs at other ports. We are using innovative measures to ensure we do not have a backlog from the increased business.
In education, our teachers, with the recent raises, now have the highest average pay in the Southeast, from Texas to Virginia. In addition, two of our Universities, UGA and Georgia Tech, are ranked in the country’s top 20 public universities. Forty states don’t have any universities in the top 20 – we have two!