Georgia Fiscal Statistics

StatisNostics/State Financials/Georgia

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20122023

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State Revenue Analysis (Georgia: 2012–2023)

Population: 9,919,000 → 10,799,566 (8.9% change)

Overall Revenue Trends

Total Revenue▲ 91.5%

$36,938,972,000 (2012)→$70,734,523,000 (2023)

Per Capita Revenue▲ 75.9%

$3,724 (2012)→$6,550 (2023)

Fund Balances▼ 100%

$9,731,025,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.7%

Major Tax Revenue

Property Tax▲ 1106.4%

$68,951,000 (2012)→$831,799,000 (2023)

Sales Tax▲ 69.3%

$5,303,524,000 (2012)→$8,980,297,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 57158.0%

$112,000→$64,129,000

Other In Trust - Interest Revenue▲ 23962.7%

$51,000→$12,272,000

Property Tax▲ 1106.4%

$68,951,000→$831,799,000

Declining/Slowest Growing Sources

Local Intergovernmental Education▼ 92.4%

$234,822,000→$17,860,000

Transit Utilities Revenue▼ 80.7%

$9,550,000→$1,840,000

Air Transportation Charges▼ 66.7%

$21,000→$7,000

Revenue Forecast

Projected Revenue (Next Year)▲ 7.3%

Estimated: $75,887,629,104

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax22.0%

Total General Sales Taxes14.4%

Federal Intergovernmental Health & Hospitals13.7%

Federal Intergovernmental Public Welfare7.9%

Federal Intergovernmental Education7.7%

Higher Education Tuition Charges4.9%

Federal Intergovernmental Highways3.1%

Net Lottery Revenue2.8%

Motor Fuels Sales Tax2.8%

Unemployment - Contribution2.3%

Higher Education Auxiliary Charges2.1%

Federal Intergovernmental Other2.0%

Corporation Net Income Tax1.6%

Miscellaneous General Revenue Not Elsewhere Classified1.0%

Other Selective Sales Taxes1.0%

Insurance Premium Tax0.8%

Motor Vehicle License0.8%

Donations From Private Sources0.8%

All Other Not Elsewhere Classified Charges0.8%

Water Transportation & Terminal Charges0.8%

Federal Intergovernmental Housing & Community Development0.7%

Local Intergovernmental Education0.6%

Tobacco Sales Tax0.6%

Hospital Charges0.6%

Interest Earnings0.6%

Alcoholic Beverage Sales Tax0.5%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Air Transportation0.3%

Parks & Recreation Charges0.3%

Other In Trust - Other Contributions0.3%

Fines & Forfeits0.2%

Federal Intergovernmental Transit Utilities0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Property Tax0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Employment Security Administration0.1%

Motor Vehicle Operators License0.1%

Corporation License Tax0.1%

Federal Intergovernmental Sewerage0.1%

Local Intergovernmental Other0.1%

Hunting & Fishing License0.1%

Toll Highway Charges0.1%

Federal Intergovernmental Water Utilities0.1%

Regular Highway Charges0.0%

Documentary & Stock Transfer Tax0.0%

Local Intergovernmental Highways0.0%

Transit Utilities Revenue0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Other License Tax0.0%

Rents0.0%

Housing & Community Development Charges0.0%

Alcoholic Beverage License Tax0.0%

Amusement License Tax0.0%

Sale of Property0.0%

Royalties0.0%

Other In Trust - Interest Revenue0.0%

Death & Gift Tax0.0%

Air Transportation Charges0.0%

2023 Revenue Breakdown

Individual Income Tax23.5%

Federal Intergovernmental Public Welfare19.2%

Total General Sales Taxes12.7%

Federal Intergovernmental Health & Hospitals7.5%

Federal Intergovernmental Education7.4%

Corporation Net Income Tax5.1%

Federal Intergovernmental Highways3.0%

Higher Education Tuition Charges2.6%

Net Lottery Revenue2.3%

Motor Fuels Sales Tax1.6%

Federal Intergovernmental Housing & Community Development1.3%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Property Tax1.2%

Federal Intergovernmental Other1.1%

Higher Education Auxiliary Charges1.1%

Water Transportation & Terminal Charges1.1%

Unemployment - Contribution0.9%

Other Selective Sales Taxes0.8%

Insurance Premium Tax0.7%

Hospital Charges0.7%

Motor Vehicle License0.6%

All Other Not Elsewhere Classified Charges0.6%

Interest Earnings0.6%

Donations From Private Sources0.4%

Tobacco Sales Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Taxes Not Elsewhere Classified0.3%

Federal Intergovernmental Other Natural Resources0.2%

Parks & Recreation Charges0.2%

Motor Vehicle Operators License0.2%

Regular Highway Charges0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Sale of Property0.1%

Toll Highway Charges0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Fines & Forfeits0.1%

Corporation License Tax0.1%

Federal Intergovernmental Sewerage0.1%

Federal Intergovernmental Air Transportation0.1%

Other License Tax0.1%

Local Intergovernmental Highways0.1%

Hunting & Fishing License0.0%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Employment Security Administration0.0%

Local Intergovernmental Education0.0%

Local Intergovernmental Other0.0%

Other In Trust - Interest Revenue0.0%

Rents0.0%

Housing & Community Development Charges0.0%

Alcoholic Beverage License Tax0.0%

Transit Utilities Revenue0.0%

Royalties0.0%

Air Transportation Charges0.0%

Key Insights

1Total revenue increased by 91.5% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 8.9%, while per-capita revenue changed by 75.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Georgia: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 212%

$14,520,479,000→$45,318,333,000

Per Capita Spending▲ 187%

$1,464→$4,196

Population Trends

Population Change▲ 8.9%

9,919,000 (2012)→10,799,566 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 118%

$265,689,000 (2012)→$579,104,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 159%

$414,321,000 (2012)→$1,071,336,000 (2023)

Sewerage Operations▼ 33%

$8,799,000 (2012)→$5,855,000 (2023)

Administrative Expenses

Financial Administration▲ 54%

$462,827,000 (2012)→$711,826,000 (2023)

General Expenses▲ 627%

$681,738,000 (2012)→$4,952,986,000 (2023)

Georgia Key Insights

1Police protection spending increased by 118%, significantly outpacing population growth of 8.9%
2Per capita expenditures grew by 187%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 627%, which may indicate classification changes, new initiatives, or reporting adjustments
4Highways was the fastest growing major expense category at 159% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 39%

$10,421,802,000 (2012)→$14,441,997,000 (2023)

Industrial Revenue Debt▼ 100%

$2,914,762,000 (2012)→$0 (2023)

Per Capita Debt▲ 27%

$1,051 (2012)→$1,337 (2023)

Population Trends

Population Change▲ 8.9%

9,919,000 (2012)→10,799,566 (2023)

Debt Management

Most Recent Year (2023)

Issued:$2,203,996,000

Retired:$1,740,539,000

Net Change:+$463,457,000

Debt Retirement Trend

$1,699,318,000 → $1,740,539,000▲ 2%

Key Insights

1New debt issuance significantly increased the per-resident debt burden (up 27%).