Georgia’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $5.3 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $37.6 billion too much.
  • The 2023 all funds budget is $7.2 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $64.5 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $45.58
  • FY 2025 Only State Funds Budget Limit ($ Billions): $48.44
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.27%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $478
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $1,913
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $3,412
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $13,649

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $65.01
  • FY 2025 All Funds Budget Limit ($ Billions): $69.09
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.27%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 649
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 2,596
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 5,847
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 23,389

Other Considerations