TIA Data

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

2016 Financial State of Atlanta (Released 1/24/2018)

Georgia owes more than it owns and ranks the 18th out of the 50 states.
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 $3.2 billion of retiree health care debt. 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

Will tax reform spur states to embrace school choice?

JANUARY 19, 2018 | REAL CLEAR POLICY | by Lewis Andrews

The modest subsidy of public school alternatives is now the only way to both rescue government public pension plans — the cumulative underfunding of which has been estimated as high as $6 trillion — and thus keep promised benefits reasonably intact.