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GEORGIA

Georgia

  • In The News
  • Background
  • Issues
  • Solutions
  • Pensions
  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

    • Budget timeframe: Annual

      Fiscal Year begins: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      GA Gov Nathan DealGov. Nathan Deal
      Office of Governor Nathan Deal
      142 State Capitol
      Atlanta, GA 30334
      Phone: (404) 656-1776
      Fax: (404) 656-5947
      Governor's Office

       

       

       

      Teresa MacCartney, Director
      Office of Planning and Budget
      270 Washington Street, SW, Room 8066
      Atlanta, GA 30334-8500
      Phone (404) 656-3820
      Fax: (404) 656-3828
      www.opb.state.ga.us 

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Georgia is required to pass a "balanced budget." Article III, Section 9, Paragraph IV of the Constitution ratified in 1982 prohibits the general assembly from appropriating funds that, in aggregate, exce ed the previous year's surplus funds added to the current year's estimated revenue. Any appropriation that violates the balanced budget requirement is supposed to be voided. State law forbids the carrying over of a deficit from one year to the next.

      The State budgets several funds which are aggregated into a single one called Budget Fund (the CAFR states that the Budget Fund differs from the funds present in the basic financial statements). Funds included in the Budget Fund are: State General Funds, Brain and Spinal Injury Funds, Lottery Funds, State Motor Fuel Funds, Tobacco Settlement Funds, and various Federal Funds are budgeted. Each year, the State of Georgia prepares a balanced budget in which expected revenues equal expected expenditures. This budget, however, never holds and so the State should put more effort in preparing a realistic budget. The Budgetary Comparison Schedules are missing information such as transfers, net transactions, beginning balances and ending balances.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

      GA Public Policy Logo


       

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • BLOG: Revenue, Budget Transparency

      Principles of a good tax system

      by Jason Mercier | October 14, 2013

      The fundamental building blocks of a good tax structure include simplicity, accountability, economic neutrality, realiability and fairness.

    • BLOG: Education, K-12 Education

      Tensions in Common Core debate are boiling over

      by Joe Luppino-Esposito | October 1, 2013

      The fight over Common Core State Standards started quietly but has become increasingly intense as states make decisions regarding its implementation and school districts address the concerns of parents. The debate has taken harsh turn recently, with displeasure with the program that aims to make educational standards consist across states for grades K-12 coming out in a range of ways, from nasty notes from a governor to an arrest for assault. 

    • BLOG: Federal Government Impact, Medicaid

      State attorneys general lead the federalism fight

      by Joe Luppino-Esposito | September 17, 2013

      One look at the upcoming cases before the Supreme Court and the federal courts of appeal would suggest that states and the national government have a destructively adversarial relationship. Should we be worried about this constant conflict?

    • BLOG: Education, K-12 Education

      Common Core can't pass the cost test

      by Joe Luppino-Esposito | August 2, 2013

      This has been a rough summer for Common Core supporters as more and more states leave the testing consortia due to high costs and uncertainty.

    • BLOG: Pensions, Federal Government Impact

      Senate bill highlights need for state and local action on public pensions

      by Cory Eucalitto | July 12, 2013

      Earlier this week, Senator Orrin Hatch (R-UT) unveiled a bill designed to give new flexibility to state and local public pension plans struggling to stay afloat.