What does Georgia's constitution require regarding the state budget?

Georgia's constitution mandates the introduction and passage of a balanced budget, which is a fundamental requirement for the state's fiscal responsibility. This means that the state's expenditures cannot exceed its revenues, ensuring that the government does not accumulate excessive debt. By requiring a balanced budget, the constitution helps to maintain financial stability and accountability within state government operations.

This requirement is crucial because it compels lawmakers to carefully consider spending priorities and to ensure that funds are allocated efficiently and sustainably. It reinforces the principle that the state should live within its means, providing a framework that promotes economic stability.

The other options do not align with this constitutional requirement. Eliminating all state debts is not feasible or a specific constitutional obligation, as states may have ongoing financial obligations that need to be managed prudently. Creating budget surpluses, while potentially beneficial, is not mandated by the constitution. Finally, restricting local expenditures is not a constitutional requirement and would involve complex intergovernmental relations that are not solely determined by state law.