BRADENTON, Fla. — Georgia Gov. Sonny Perdue on Friday unveiled budget cuts for the current fiscal year and proposed an $18.2 billion budget for fiscal 2011 that includes $900 million of debt issuance.

The debt plan includes $300 million for transportation projects and the governor proposed that triple-A rated Georgia issue the same amount every year for 10 years to ultimately provide $3 billion for such projects. Voters would have to approve a sales-tax increase to fund that proposal.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.