Georgia Fiscal Statistics

StatisNostics/State Financials/Georgia

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20122021

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State Revenue Analysis (Georgia: 2012–2021)

Population: 9,919,000 → 10,617,423 (7.0% change)

Overall Revenue Trends

Total Revenue▲ 66.4%

$36,938,972,000 (2012)→$61,456,920,000 (2021)

Per Capita Revenue▲ 55.4%

$3,724 (2012)→$5,788 (2021)

Fund Balances▲ 111.2%

$9,731,025,000 (2012)→$20,556,330,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 6.5%

Major Tax Revenue

Property Tax▲ 962.1%

$68,951,000 (2012)→$732,325,000 (2021)

Sales Tax▲ 31%

$5,303,524,000 (2012)→$6,948,296,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 1797.3%

$112,000→$2,125,000

Air Transportation Charges▲ 1314.3%

$21,000→$297,000

Property Tax▲ 962.1%

$68,951,000→$732,325,000

Declining/Slowest Growing Sources

Local Intergovernmental Education▼ 94.6%

$234,822,000→$12,600,000

Transit Utilities Revenue▼ 88.4%

$9,550,000→$1,112,000

Local Intergovernmental Other▼ 61.9%

$29,951,000→$11,407,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13.7%

Estimated: $69,854,258,093

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Individual Income Tax23.1%

Federal Intergovernmental Health & Hospitals16.7%

Federal Intergovernmental Public Welfare15.0%

Total General Sales Taxes11.3%

Federal Intergovernmental Education5.9%

Higher Education Tuition Charges3.2%

Motor Fuels Sales Tax2.9%

Corporation Net Income Tax2.8%

Federal Intergovernmental Highways2.7%

Net Lottery Revenue2.6%

Property Tax1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.1%

Federal Intergovernmental Other1.1%

Water Transportation & Terminal Charges1.0%

Higher Education Auxiliary Charges1.0%

Insurance Premium Tax0.9%

Other Selective Sales Taxes0.8%

Unemployment - Contribution0.8%

Motor Vehicle License0.7%

All Other Not Elsewhere Classified Charges0.5%

Federal Intergovernmental Housing & Community Development0.5%

Federal Intergovernmental Other Natural Resources0.5%

Hospital Charges0.5%

Tobacco Sales Tax0.4%

Interest Earnings0.4%

Alcoholic Beverage Sales Tax0.4%

Donations From Private Sources0.4%

Taxes Not Elsewhere Classified0.2%

Motor Vehicle Operators License0.2%

Parks & Recreation Charges0.2%

Occupation & Business License Not Elsewhere Classified0.1%

Corporation License Tax0.1%

Fines & Forfeits0.1%

Regular Highway Charges0.1%

Federal Intergovernmental Transit Utilities0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Air Transportation0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Employment Security Administration0.1%

Other License Tax0.1%

Federal Intergovernmental Sewerage0.0%

Toll Highway Charges0.0%

Federal Intergovernmental Water Utilities0.0%

Local Intergovernmental Highways0.0%

Local Intergovernmental Education0.0%

Local Intergovernmental Other0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Housing & Community Development Charges0.0%

Rents0.0%

Unemployment - Interest Revenue0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Transit Utilities Revenue0.0%

Other In Trust - Interest Revenue0.0%

Air Transportation Charges0.0%

Royalties0.0%

Key Insights

1Total revenue increased by 66.4% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 7.0%, while per-capita revenue changed by 55.4%.
3The state's fund balances increased by 111.2%, suggesting improved fiscal health.

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State Expense Analysis (Georgia: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 30%

$14,520,479,000→$18,899,135,000

Per Capita Spending▲ 22%

$1,464→$1,780

Population Trends

Population Change▲ 7%

9,919,000 (2012)→10,617,423 (2021)

Public Safety Expenses

Police Protection▲ 61%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 113%

$0 (2012)→$0 (2021)

Sewerage Operations▲ 25%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 26%

$0 (2012)→$0 (2021)

General Expenses▲ 292%

$0 (2012)→$0 (2021)

Georgia Key Insights

1General expenses increased dramatically by 292%, which may indicate classification changes, new initiatives, or reporting adjustments
2Highways was the fastest growing major expense category at 113% increase

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 4%

$10,421,802,000 (2012)→$10,798,848,000 (2021)

Industrial Revenue Debt▲ 31%

$2,914,762,000 (2012)→$3,828,664,000 (2021)

Per Capita Debt▼ 3%

$1,051 (2012)→$1,017 (2021)

Population Trends

Population Change▲ 7%

9,919,000 (2012)→10,617,423 (2021)

Debt Management

Most Recent Year (2021)

Issued:$1,635,021,000

Retired:$1,102,287,000

Net Change:+$532,734,000

Debt Retirement Trend

$1,699,318,000 → $1,102,287,000▼ 35%