Truth in Accounting
Georgia

TIA Data

2022 Financial State of Georgia (Released 10/11/2023)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Georgia owes more than it owns.
Georgia's Taxpayer Burden™ is -$5, and it 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 $46.9 billion of assets available to pay bills totaling $46.9 billion.
Because Georgia doesn't have enough money to pay its bills, it has a -$15.7 million financial hole. To fill it, each Georgia taxpayer would have to send -$5 to the state.
Georgia's reported net position is understated by $3.3 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 244 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Georgia

2020 Financial State of Georgia

2019 Financial State of Georgia

2018 Financial State of Georgia

2017 Financial State of Georgia

2016 Financial State of Georgia

2015 Financial State of Georgia

2014 Financial State of Georgia

2013 Financial State of Georgia

2012 Financial State of Georgia

2011 Financial State of Georgia

2010 Financial State of Georgia

2009 Financial State of Georgia

City and Other Municipal Reports

Financial State of Atlanta

Other Resources

Georgia Annual Comprehensive Financial Reports

Publishing Entity: State Accounting Office

IN THE NEWS
Did your state receive a clean audit opinion? 2022 Update

OCTOBER 22, 2023 | by Chrisitine Kuglin

Every year, for the past fourteen years, Truth in Accounting has released its Financial State of the States report which examines the financial status of the fifty states. This year our report was released on October 11, 2023. One of the data sets we reviewed is the auditors’ reports. Did the state receive an unmodified report for  their Annual Comprehensive Financial Report? Last year I wrote an article for Accounting Today explaining which states did not meet auditing standards for 2021. This is a follow-up to that article.

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