Georgia Fiscal Statistics

StatisNostics/State Financials/Georgia
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20122022
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State Revenue Analysis (Georgia: 2012–2022)

Population: 9,919,000 → 10,710,017 (8.0% change)

Overall Revenue Trends

Total Revenue▲ 77.3%
$36,938,972,000 (2012)→$65,504,126,000 (2022)
Per Capita Revenue▲ 64.2%
$3,724 (2012)→$6,116 (2022)
Fund Balances▼ 100%
$9,731,025,000 (2012)→$0 (2022)
Revenue Volatility✓ Low
Avg. fluctuation: 6.5%

Major Tax Revenue

Property Tax▲ 1059.6%
$68,951,000 (2012)→$799,564,000 (2022)
Sales Tax▲ 56.9%
$5,303,524,000 (2012)→$8,320,361,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 2509.8%
$112,000→$2,923,000
Property Tax▲ 1059.6%
$68,951,000→$799,564,000
Education Other State Charges Not Elsewhere Classified▲ 772.6%
$6,764,000→$59,020,000

Declining/Slowest Growing Sources

Local Intergovernmental Education▼ 95.3%
$234,822,000→$11,128,000
Transit Utilities Revenue▼ 85.5%
$9,550,000→$1,385,000
Local Intergovernmental Other▼ 64.2%
$29,951,000→$10,728,000

Revenue Forecast

Projected Revenue (Next Year)▲ 16.3%
Estimated: $76,172,034,876
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%

2022 Revenue Breakdown

Individual Income Tax27.9%
Federal Intergovernmental Public Welfare17.7%
Total General Sales Taxes12.7%
Federal Intergovernmental Education8.0%
Federal Intergovernmental Health & Hospitals6.2%
Corporation Net Income Tax3.8%
Higher Education Tuition Charges3.0%
Motor Fuels Sales Tax2.4%
Net Lottery Revenue2.3%
Federal Intergovernmental Highways2.2%
Water Transportation & Terminal Charges1.3%
Property Tax1.2%
Miscellaneous General Revenue Not Elsewhere Classified1.2%
Higher Education Auxiliary Charges1.1%
Unemployment - Contribution0.9%
Other Selective Sales Taxes0.8%
Federal Intergovernmental Other0.7%
Insurance Premium Tax0.7%
Motor Vehicle License0.6%
Federal Intergovernmental Housing & Community Development0.6%
All Other Not Elsewhere Classified Charges0.6%
Hospital Charges0.5%
Donations From Private Sources0.4%
Tobacco Sales Tax0.4%
Alcoholic Beverage Sales Tax0.3%
Taxes Not Elsewhere Classified0.3%
Parks & Recreation Charges0.3%
Federal Intergovernmental Other Natural Resources0.2%
Interest Earnings0.2%
Motor Vehicle Operators License0.2%
Occupation & Business License Not Elsewhere Classified0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Education Other State Charges Not Elsewhere Classified0.1%
Corporation License Tax0.1%
Fines & Forfeits0.1%
Toll Highway Charges0.1%
Regular Highway Charges0.1%
Local Intergovernmental Highways0.1%
Federal Intergovernmental Air Transportation0.1%
Other License Tax0.0%
Hunting & Fishing License0.0%
Federal Intergovernmental Sewerage0.0%
Federal Intergovernmental Employment Security Administration0.0%
Local Intergovernmental Education0.0%
Unemployment - Interest Revenue0.0%
Local Intergovernmental Other0.0%
Housing & Community Development Charges0.0%
Rents0.0%
Alcoholic Beverage License Tax0.0%
Sale of Property0.0%
Transit Utilities Revenue0.0%
Other In Trust - Interest Revenue0.0%
Royalties0.0%

Key Insights

  1. 1Total revenue increased by 77.3% from 2012 to 2022, representing a significant change in the state's financial position.
  2. 2Population changed by 8.0%, while per-capita revenue changed by 64.2%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Georgia: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 150%
$14,520,479,000→$36,269,215,000
Per Capita Spending▲ 131%
$1,464→$3,386

Population Trends

Population Change▲ 8%
9,919,000 (2012)→10,710,017 (2022)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 96%
$265,689,000 (2012)→$520,118,000 (2022)
Fire Protection▼ 0%
$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 146%
$414,321,000 (2012)→$1,020,478,000 (2022)
Sewerage Operations▲ 43%
$8,799,000 (2012)→$12,610,000 (2022)

Administrative Expenses

Financial Administration▲ 45%
$462,827,000 (2012)→$671,693,000 (2022)
General Expenses▲ 258%
$681,738,000 (2012)→$2,437,524,000 (2022)

Georgia Key Insights

  1. 1Per capita expenditures grew by 131%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 258%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Highways was the fastest growing major expense category at 146% increase
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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 32%
$10,421,802,000 (2012)→$13,794,347,000 (2022)
Industrial Revenue Debt▼ 100%
$2,914,762,000 (2012)→$0 (2022)
Per Capita Debt▲ 23%
$1,051 (2012)→$1,288 (2022)

Population Trends

Population Change▲ 8%
9,919,000 (2012)→10,710,017 (2022)

Debt Management

Most Recent Year (2022)

Issued:$1,466,663,000
Retired:$1,107,209,000
Net Change:+$359,454,000

Debt Retirement Trend

$1,699,318,000 → $1,107,209,000▼ 35%