Georgia

TIA Data

2018 Financial State of Georgia (Released 9/24/2019)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Georgia owes more than it owns.
Georgia's Taxpayer Burden™ is -$3,500, and it received a "C" from TIA.
Georgia is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Georgia only has $22.9 billion of assets available to pay bills totaling $33 billion.
Because Georgia doesn't have enough money to pay its bills, it has a $10.2 billion financial hole. To fill it, each Georgia taxpayer would have to send $3,500 to the state.
Georgia's reported net position is inflated by $1.7 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 202 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Georgia

2016 Financial State of Georgia

2015 Financial State of Georgia

2014 Financial State of Georgia

2013 Financial State of Georgia

2012 Financial State of Georgia

2011 Financial State of Georgia

2010 Financial State of Georgia

2009 Financial State of Georgia

City and Other Municipal Reports

Financial State of Atlanta

Other Resources

Georgia Comprehensive Annual Financial Reports

Publishing Entity: State Accounting Office

IN THE NEWS
Friday Facts

NOVEMBER 4, 2019 | GEORGIA PUBLIC POLICY INSTITUTE | by Kyle Wingfield, Benita Dodd

The 2019 Georgia Legislative Policy Forum, featuring five think tanks, five policy issues and nearly two dozen policy experts and leaders, takes place November 15.  Learn about education, healthcare, opportunity, regulation and transportation opportunities for Georgia.

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