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State Guide4th StateEst. 1788
Georgia GA
"The Peach State"
Birthplace of Dr. Martin Luther King Jr., home to the world's busiest airport, and an original colony that has shaped American history from the Revolution to the Civil Rights Movement to the Senate runoffs that decided the balance of power in Congress. Georgia is the Empire State of the South, and its moment in the national spotlight has never been brighter.
Georgia state finances at a glance
State Debt - FY2024
$14.1 billion
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
$33.6 billion
Total Georgia state tax collections in fiscal 2024, led by the individual income tax ($16B) and the general sales tax ($9B).
Borrowing
Georgia holds a AAA rating and issues general obligation bonds backed by its full faith and credit, sold to investors in the tax-exempt municipal market. The state constitution caps annual debt service at 10 percent of the prior year's net treasury receipts, a limit Georgia stays well under. The state reported about $631 million in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.
4th
State to ratify the Constitution
11.1M
Population (2025 est.)
#1
Busiest airport in the world
#1
Peanut-producing state