Georgia : State Data and Comparisons : Data-Z

Georgia

TIA Data

2022 Financial State of Georgia (Released 10/11/2023)

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Georgia owes more than it owns.

Georgia's Taxpayer Burden™ is -$5, 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 $46.9 billion of assets available to pay bills totaling $46.9 billion.

Because Georgia doesn't have enough money to pay its bills, it has a -$15.7 million financial hole. To fill it, each Georgia taxpayer would have to send -$5 to the state.

Georgia's reported net position is understated by $3.3 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 244 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Georgia

2020 Financial State of Georgia

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