Georgia

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Georgia owns more than it owes.
Georgia has a $4,000 Taxpayer Surplus.™
Georgia is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
Georgia has $54.2 billion of assets available to pay the state's bills totaling $40.6 billion.
Georgia has $13.6 billion available after bills have been paid, which breaks down to $4,000 per taxpayer.
Georgia's reported net position is overstated by $2.4 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 297 days after its fiscal year end, which is considered untimely according to the 180 day standard.

IN THE NEWS
Georgia Audit Finds Major Reporting Errors, Weak Cash Controls, and Ongoing Problems in Unemployment Accounting

AUGUST 28, 2026

Georgia’s 2025 statewide audit identified recurring weaknesses in financial reporting, accounting systems, cash reconciliations, information technology (IT) controls, and oversight across multiple agencies. While many errors were corrected before the state’s financial statements were finalized, auditors found repeated instances where the agencies’ internal controls failed to catch significant mistakes until the audit began.

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