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Taxpayers provide tax breaks for $120M vertical farm project in Georgia

(The Center Square) — An industry-leading vertical farming company is investing $120 million in a new Covington facility. The new 80 Acres Farms facility is already under construction and, when finished, will create 150 new jobs with an average annual salary of $68,000. Construction is expected to wrap in August, and the new facility should start distributing to retailers in early 2023. A vertical farm has vertically stacked layers of crops planted indoors that can

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Georgia policy group warns that federal response to inflation will leave the poor further behind

(The Center Square) — Federal policymakers’ actions in response to high inflation could leave the “economically disadvantaged further behind,” a Georgia nonprofit policy group warned. On Friday, the Bureau of Labor Statistics announced the Consumer Price Index for All Urban Consumers increased by 1% in May. The CPI-U has increased by 8.6% over the past 12 months, marking the largest 12-month increase since December 1981. “We now know that the early statements from the Biden

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Georgia tax revenues continue to climb as tax collections up by $5.8B

(The Center Square) — Georgia saw its May tax revenues increase by 1.6% from a year ago as tax collections approached $2.7 billion for the month. This fiscal year, state general fund receipts exceeded $30.2 billion. That represents a 23.9%, or more than $5.8 billion, increase over collections last fiscal year, which exceeded $24.3 billion at the same point. However, state officials contend it’s not an exact comparison because of the deferred state tax filing

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Georgia to receive $9.1M in federal funds for state-owned railroads

(The Center Square) — The federal government is sending more than $9.1 million for a pair of rehabilitation projects on Georgia-owned Class III railroads. The Federal Railroad Administration will provide nearly $6.2 million to the Heart of Georgia and roughly $2.9 million to the Georgia Southwestern Railroad. The Georgia Department of Transportation owns both lines, and the state will provide a 50% match for the projects. The money is part of more than $368 million