Georgia Fiscal Statistics

StatisNostics/State Financials/Georgia

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20122024

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State Revenue Analysis (Georgia: 2012–2024)

Population: 9,919,000 → 10,912,876 (10.0% change)

Overall Revenue Trends

Total Revenue▲ 83.2%

$36,956,275,000 (2012)→$67,705,048,000 (2024)

Per Capita Revenue▲ 66.5%

$3,726 (2012)→$6,204 (2024)

Fund Balances▼ 100%

$9,731,025,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.5%

Major Tax Revenue

Property Tax▲ 1151.4%

$68,951,000 (2012)→$862,884,000 (2024)

Sales Tax▲ 70%

$5,303,524,000 (2012)→$9,014,691,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Other In Trust - Interest Revenue▲ 29278.4%

$51,000→$14,983,000

Sale of Property▲ 2876.8%

$112,000→$3,334,000

Property Tax▲ 1151.4%

$68,951,000→$862,884,000

Declining/Slowest Growing Sources

Local Intergovernmental Education▼ 92.7%

$234,822,000→$17,191,000

Other License Tax▼ 92.0%

$5,663,000→$452,000

Transit Utilities Revenue▼ 78.9%

$9,550,000→$2,017,000

Revenue Forecast

Projected Revenue (Next Year)▲ 1.9%

Estimated: $68,958,253,401

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%

Unemployment-Federal Advances0.0%

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%

2024 Revenue Breakdown

Individual Income Tax23.7%

Federal Intergovernmental Public Welfare16.1%

Total General Sales Taxes13.3%

Federal Intergovernmental Education7.7%

Federal Intergovernmental Health & Hospitals7.4%

Corporation Net Income Tax5.3%

Federal Intergovernmental Highways3.0%

Higher Education Tuition Charges2.7%

Motor Fuels Sales Tax2.6%

Federal Intergovernmental Other2.4%

Net Lottery Revenue2.3%

Property Tax1.3%

Higher Education Auxiliary Charges1.2%

Water Transportation & Terminal Charges1.0%

Miscellaneous General Revenue Not Elsewhere Classified1.0%

All Other Not Elsewhere Classified Charges0.9%

Interest Earnings0.9%

Insurance Premium Tax0.8%

Federal Intergovernmental Housing & Community Development0.8%

Other Selective Sales Taxes0.8%

Unemployment - Contribution0.6%

Motor Vehicle License0.6%

Hospital Charges0.6%

Donations From Private Sources0.4%

Tobacco Sales Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Taxes Not Elsewhere Classified0.3%

Federal Intergovernmental Other Natural Resources0.3%

Parks & Recreation Charges0.3%

Occupation & Business License Not Elsewhere Classified0.1%

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%

Unemployment - Interest Revenue0.1%

Federal Intergovernmental Air Transportation0.1%

Motor Vehicle Operators License0.1%

Hunting & Fishing License0.0%

Local Intergovernmental Highways0.0%

Regular Highway Charges0.0%

Federal Intergovernmental Employment Security Administration0.0%

Local Intergovernmental Education0.0%

Other In Trust - Interest Revenue0.0%

Local Intergovernmental Other0.0%

Rents0.0%

Alcoholic Beverage License Tax0.0%

Housing & Community Development Charges0.0%

Sale of Property0.0%

Transit Utilities Revenue0.0%

Other License Tax0.0%

Royalties0.0%

Air Transportation Charges0.0%

Key Insights

1Total revenue increased by 83.2% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 10.0%, while per-capita revenue changed by 66.5%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Georgia: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 212%

$14,520,479,000→$45,238,412,000

Per Capita Spending▲ 183%

$1,464→$4,145

Population Trends

Population Change▲ 10%

9,919,000 (2012)→10,912,876 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 124%

$265,689,000 (2012)→$595,529,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 232%

$414,321,000 (2012)→$1,375,203,000 (2024)

Sewerage Operations▲ 6%

$8,799,000 (2012)→$9,308,000 (2024)

Administrative Expenses

Financial Administration▲ 63%

$462,827,000 (2012)→$754,601,000 (2024)

General Expenses▲ 325%

$681,738,000 (2012)→$2,897,250,000 (2024)

Georgia Key Insights

1Police protection spending increased by 124%, significantly outpacing population growth of 10.0%
2Per capita expenditures grew by 183%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 325%, which may indicate classification changes, new initiatives, or reporting adjustments
4Highways was the fastest growing major expense category at 232% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 34%

$10,421,802,000 (2012)→$14,011,702,000 (2024)

Industrial Revenue Debt▼ 100%

$2,914,762,000 (2012)→$0 (2024)

Per Capita Debt▲ 22%

$1,051 (2012)→$1,284 (2024)

Population Trends

Population Change▲ 10%

9,919,000 (2012)→10,912,876 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,084,773,000

Retired:$1,515,964,000

Net Change:$-431,191,000

Debt Retirement Trend

$1,699,318,000 → $1,515,964,000▼ 11%