TIA Data

2020 Financial State of Georgia (Released 9/28/2021)

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 $30.9 billion of assets available to pay bills totaling $40.9 billion.
Because Georgia doesn't have enough money to pay its bills, it has a $10.1 billion financial hole. To fill it, each Georgia taxpayer would have to send $3,500 to the state.
Georgia's reported net position is overstated by $449.9 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 262 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2019 Financial State of Georgia

2018 Financial State of Georgia

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

Georgia ranks next-to-last in fiscal-transparency -- report

DECEMBER 10, 2021 | LONGVIEW NEWS-JOURNAL (GEORGIA) | by Nyamekye Daniel

By Nyamekye Daniel (The Center Square), includes “While no state earned a perfect score in the report, Georgia received 54 points. TIA said this year's transparency scores are worse than previous years because of response to the COVID-19 pandemic. Federal aid highlighted weaknesses in states' unemployment insurance. ‘These weaknesses caused several states to receive poor audit opinions,’ TIA wrote.”