BRADENTON, Fla. — Georgia Gov. Sonny Perdue Wednesday signed into law an $18.6 billion budget for fiscal 2010 that includes just over $1 billion in new borrowing.

The new budget for the gilt-edged Peach State goes into effect July 1 and is $2.5 billion less than what was originally approved in fiscal 2009. The current budget was cut due to declining revenues.

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.