Georgia

TIA Data

2016 Financial State of Georgia (Released 5/15/2017)

2015 Financial State of Atlanta (Released 1/11/2017)

 
Georgia owes more than it owns
Georgia's Taxpayer Burden™ is -$3,600, and 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 $20.1 billion of assets available to pay bills totaling $29.9 billion
Because Georgia doesn't have enough money to pay its bills, it has a $9.8 billion financial hole. To fill it, each Georgia taxpayer would have to send $3,600 to the state
Because of an accounting rule implemented last year, Georgia has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $5.8 billion in 2015 to $6.7 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Georgia's total hidden debt amounts to $5 billion. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day standard
 

Prior Years' TIA Data

2015 Financial State of Georgia

2014 Financial State of Georgia

2013 Financial State of Georgia

Other Resources

Georgia Comprehensive Annual Financial Reports

Publishing Entity: State Accounting Office

IN THE NEWS
Supreme Court History -- Cherokee Indian Cases

NOVEMBER 30, 2016 | WTTW-11 (CHICAGO)

Includes "...On review of the case, the Supreme Court in Worcester v. Georgia ruled that because the Cherokee Nation was a separate political entity that could not be regulated by the state, Georgia's license law was unconstitutional and Worcester's conviction should be overturned. ...

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