Georgia lawmakers reached a compromise Wednesday on the state's amended fiscal year 2026 budget, resolving weeks of negotiations between the Georgia House of Representatives, the Georgia State Senate and Gov. Brian Kemp.

The deal fulfills key priorities from each side after an impasse over spending shifts and competing projects.

Here's what to know.

The House and Senate had redirected funding away from one another's priorities, and from some of the governor's recommendations, to cover their own proposals, creating a stalemate late in the process.

To move negotiations forward, Kemp identified an additional $1.4 billion in surplus funds. That infusion allowed lawmakers to restore items and finalize the agreement.

The amended budget, initially set at $42.3 billion, now totals nearly $43.7 billion.

A large share of the added funding will go toward one-time tax relief for Georgians.

The House included $850 million for property tax rebates for homeowners. Kemp proposed income tax rebates of $250 for single filers and $500 for couples filing jointly.

Lawmakers in both chambers supported the idea and set aside more than $1 billion to fund the rebate, according to Capitol Beat.

"Between the two relief initiatives, this body is returning $2 billion dollars back to the citizens of our state," said Rep. Matt Hatchett, R-Dublin, who chairs the House Appropriations Committee.

Hatchett said the income tax rebates will be approved in separate legislation.

Sen. Blake Tillery, R-Vidalia, chairman of the Senate Appropriations Committee and a member of the conference committee that finalized House Bill 973, said the agreement ultimately benefits residents.

"The winners in this budget are the taxpayers of Georgia," Tillery said.

The compromise now heads toward final approval, clearing the way for the amended spending plan to take effect.

Vanessa Countryman is the Trending Topics Reporter for the Deep South Connect Team Georgia. Email her at Vcountryman@gannett.com.

This article originally appeared on Savannah Morning News: Will I get a tax break in Georgia? What bill could bring $250-$500 relief